LONDON — Teneo has acquired Credo, a 60-person management consultancy with operations in London and Dubai, marking its fourth acquisition of the year.

The deal takes Teneo's global headcount to 670 employees, after earlier 2017 acquisitions of Brussels consultancy Cabinet DN, Hong Kong's Ryan Financial and New York firm Fitzroy Communications.

The transaction represents a major expansion of Teneo’s consulting division which is led by chairman Chris Wearing and president Alex Pigliucci. All of Credo’s current partners will remain with the business and will now be part of the extended Teneo leadership team.

“Today’s acquisition will help further the expansion of Teneo’s global management consulting capabilities in response to client demand,” said Declan Kelly, chairman and CEO of Teneo. “We are very pleased to welcome the Credo team to Teneo. They have a very strong reputation for delivering results for clients and will be a great addition as our business continues to grow.”

Credo's offering includes corporate strategy, transaction services, commercial and operating model transformation and performance improvement.