Roland Berger (from 2001 to 2015 Roland Berger Strategy Consultants) is an international management consultancy headquartered in Munich. With 2,400 employees and 52 offices in 35 countries, it has a presence in all major industrialized and emerging markets. As the market leader in Germany, Roland Berger is the only European consultancy with an international presence and is one of the leading representatives of its industry. Annual sales in 2018 were around EUR 600 million, the most successful financial year to date. The company was founded by Roland Berger in 1967 and expanded worldwide in the 1970s and 1980s. The majority owned by Deutsche Bank from 1987 to 1998, Roland Berger developed into a partnership in the 1990s following a management buyout. Today, the consulting firm is an independent partnership exclusively owned by some 230 Partners. History From 1962 to 1967, Roland Berger worked as a management consultant for the Boston Consulting Group. He then went into business for himself with the sole proprietorship Roland Berger International Marketing Consultants. One of his first assignments was to develop a new advertising concept for the tour operator Touropa. Over the years, the company's business shifted more and more from marketing to strategy consulting. Roland Berger successfully established a business model previously known from the United States in Germany. Internationalization Roland Berger changed the name of his company to Roland Berger & Partner International Management Consultants. In 1969, a branch office was established in Milan, followed in 1976 by São Paulo. Later, offices were added in France, Great Britain, Japan, Spain, and the United States. Roland Berger participated in the formation of several consortia to underscore the international nature of its business. A holding company was also set up as the company's holding company. In 1980, Roland Berger became the first European management consultancy to be admitted to the Association of Consulting Management Engineers (ACME). This is the oldest and most renowned industry association for management consultants in the United States. In the further course of the 1980s, Roland Berger developed into a leading strategy consultancy. In the 1980s, Roland Berger and Alfred Herrhausen, chair of the management board of Deutsche Bank, developed the concept of a European-style investment bank. Against this background, Deutsche Bank gradually acquired a qualified majority stake in Roland Berger from 1987 onwards. Deutsche Bank wanted to expand its advisory business to become the third pillar of its business alongside