The P3 Group GmbH is a management consultancy with headquarters in Stuttgart, Germany. Based on the company's data, more than 1450 employees work for the company, generating a revenue of about 115 million euros. The P3 Group draws its clients primarily from the automotive, energy and public sector. In 1996 the company was founded as P3 - Ingenieurgesellschaft für Management und Organisation. In 2019, the company split into umlaut AG, still headquartered in Aachen, and P3 Global GmbH, situated in Stuttgart. In 2020, P3 Global became P3 Group again. In 2022, P3 Group was named as one of the "World's Best Management Consulting Firms" by Forbes. Formation The company was found in 1996 by Thomas Prefi, Christoph Theis and Thomas Weingarten as a spin-off company of the (IPT) in Aachen, Germany. The founding resulted from the successful development of a quality management concept for the former Daimler-Benz. Subsidiaries and international development In order to specialize in specific industries, the company established subsidiaries, which together form the P3 group: P3 Automotive GmbH since 2006 with head office in Stuttgart, Germany. Their focal points are: Technology and management consulting, project management, electric mobility, operations and supply chain P3 Digital Services GmbH since 2016 with head office Düsseldorf. Their focal points are: App & software development, android automotive, IT consulting & IT architecture, rollout & operation P3 Security Consulting GmbH since 2018 with head office in Stuttgart. Their focal points are: Security framework and consulting in the fields of ISO 27001, DSGVO, UN/ECE & IoT Security Furthermore, the whole enterprise includes more international country subsidiaries: P3 Mexico (P-Tres Group, S.A.P.I. DE C.V.) with head office in Mexico-City & Querétaro, since 2013 P3 China (P3 Technical and Management Consulting (Shanghai) Co., Ltd - 德咨技术管理咨询（上海）有限公司) with head office in Shanghai and offices in Beijing and Shenzhen, since 2014 P3 France (P3 France SARL) with head office in Paris and office in Toulouse, since 2019 P3 USA (P3 USA Inc.) with head office in Greenville and offices in Detroit and Dallas, since 2019 P3 Group (Thailand) Limited with head office in Bangkok, since 2020. P3 Korea with head office in Seoul, since 2021. P3 Colombia with head office in Cali. P3 Greece with head office in Athens. P3 Bulgaria with head office in Sofia. P3 Denmark with head office in Copenhagen. P3 Czech Republic with head office in Prague. P3 also maintains nearshore technology locations: P3