Wavestone, a management consulting firm, agreed to acquire PEN Partnership, a provider of consulting services, for £30m. "Wavestone and PEN Partnership together make a powerful combination and this is really great news for our clients and staff. The two companies provide complementary services and share very similar corporate culture and values. Wavestone has an ambitious growth plan and I am very excited for the PEN team to play a key role in building a leading consultancy player in the UK market," Chris Gibson, PEN Partnership CEO.