Arthur Andersen Business Consulting, the German consulting business of Arthur Andersen, is merging with Deloitte Consulting, the German unit of Deloitte Touche Tohmatsu's management consulting business, the German business newspaper Handelsblatt said, without citing a source.
A letter of intent has been signed, and the companies plan to make the merger public next week, Handelsblatt said. The merger would allow Andersen's German consulting unit to regain access to an international network of consultants and let it scrap the Andersen name, discredited through the company's role in the collapse of Enron Corp., Handelsblatt said. Last week, Deloitte renamed its management consulting arm Braxton.
