31/08/2015 - 14:24

BCG takes stake in TSG Consulting

31/08/2015 - 14:24

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Global management consulting firm Boston Consulting Group has taken a minority stake in Perth-based data and analytics company The Simulation Group, aka TSG Consulting.

BCG takes stake in TSG Consulting
TSG Consulting managing director Craig Stewart. Photo: Attila Csaszar

Global management consulting firm Boston Consulting Group has taken a minority stake in Perth-based data and analytics company The Simulation Group, aka TSG Consulting.

The investment by the large firm, which operates in almost 50 countries, is the first by an external stakeholder in TSG Consulting.

Neither party would reveal the percentage taken or the value.

TSG Consulting managing director Craig Stewart described the deal as a partnership that would allow TSG to further grow its business, which currently has about 50 staff operating mostly out of Australian offices and one in Chile.

From its beginnings in 1999, TSG has focused on the mining sector, providing data analytics and statistical modelling to guide clients’ capital investment decisions as well as remove bottlenecks and improve throughput.

In recent years it has diversified into the transport and logistics industry and will now seek to tap into opportunities in the more than 20 different sectors BCG consults across.

“We know our simulation and advanced analytics is in demand from other sectors and look forward to servicing these clients alongside BCG,” Mr Stewart said.

Last week Business News revealed Woodside Petroleum was in discussions with TSG Consulting, as part of a broader conversation about Perth being home to world-class expertise that was rarely spoken about

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