EY announces the acquisition of UK consulting business
EY has today announced the acquisition of Lane4 Management Group Holdings Limited (“Lane4”), a leading UK consultancy that specialises in leadership and team development, organisational performance, transformation and culture change.
The acquisition will support the EY People Advisory Services’ growth ambition by helping strengthen EY transformational leadership and culture change capabilities, and reputation in the market. 130 people, serving 100 clients of Lane4, will join the EY People Advisory Services teams, operating as EY Lane4.
For an organisation to become truly market leading, its performance is highly dependent on the behaviour and mindset of its employees. The combination of EY and Lane4 teams will reach more people – putting humans at the centre to help them develop the skills and mindset to achieve things they may have not thought possible before. Lane4’s complementary suite of digital assets, knowledge and teams of highly skilled people, combined with the broad reach of EY services, will enable the provision of digital ‘learning for all’ subscription services on a large scale.
Tricia Nelson, managing partner for People Advisory Services, UK & Ireland, Ernst & Young LLP commented: “The acquisition of the business of Lane4 represents a significant investment and aims to strengthen the EY position as a leading organisation providing leadership development and large-scale, culture and transformational leadership projects.
“It demonstrates the EY ambition, commitment, and dedication to exceeding EY clients’ expectations across the UK and the world. We look forward to welcoming Lane4’s teams to the EY organisation and serving their clients at what is an exciting period of ambitious growth and development for EY People Advisory Services.
“The combination of EY and Lane4 professionals is a powerful force in developing leaders of the future. Lane4’s ambition to improve working lives, together with EY purpose of Building a better working world, will help develop transformational leaders by engaging with clients in truly innovative and ground-breaking ways.”
Alison Kay, managing partner for client services, UK & Ireland, Ernst & Young LLP commented: “The acquisition is part of the wider growth strategy in the UK and Ireland for the next three to four years, and will bring additional competencies to the business that will help deliver greater value to EY clients. Lane4 has a reputation across the UK for the provision of market leading culture and transformational projects and will build on EY People Advisory Services’ skills and credentials in this area.”
Adrian Moorhouse, Lane4 managing firector and founder said: “We look forward to becoming part of the EY organisation and supporting the EY People Advisory Services. Our purpose has always been to improve working lives. The powerful combination of EY and Lane4 teams means that we can reach even more leaders and more people as we help clients to reimagine their working worlds and improve the performance of their teams and businesses.
“Together we will unleash the power of our combined teams.”