EMZ Partners, a private equity firm, agreed to acquire H&Z Unternehmensberatung, a management consultancy. Financial terms were not disclosed. "H&Z has impressed us from the outset with its impressive growth history and leading position in value chain management. We appreciate the corporate culture established by the management team around Stefan Aichbauer, Harald Enz, and Michael Santo. This culture of a 'hands-on' mentality is fully in line with EMZ's philosophy. We are delighted to be able to help shape the future development as shareholders and partners of the management team," Klaus Maurer, EMZ Partners Senior Partner.