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PWC

PricewaterhouseCoopers (PwC) is a multinational professional services network of firms operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network globally and is considered one of the Big Four accounting firms, along with Deloitte, EY, and KPMG. PwC provides services in audit and assurance, consulting, and tax services. The firm was created in 1998 from a merger between Price Waterhouse and Coopers & Lybrand.

Creation Time:2024-05-19 16 key nodes English

The Timeline

1849 — 2023

  1. 1849

    Foundation of Price Waterhouse

    Price Waterhouse was founded in London by Samuel Lowell Price, who established the firm to provide accounting services.
  2. 1854

    Foundation of Coopers & Lybrand

    Coopers & Lybrand was founded by William Cooper in London, initially known as Cooper Brothers.
  3. 1898

    International Expansion of Price Waterhouse

    Price Waterhouse expanded internationally, opening offices in New York, marking the beginning of its global presence.
  4. 1957

    Formation of Coopers & Lybrand

    Cooper Brothers merged with Lybrand, Ross Bros & Montgomery to form Coopers & Lybrand.
  5. 1982

    Price Waterhouse Merges with Deloitte Haskins & Sells in the UK

    In the UK, Price Waterhouse merged with Deloitte Haskins & Sells, although the firms continued to operate separately in other countries.
  6. 1998

    Merger of Price Waterhouse and Coopers & Lybrand

    Price Waterhouse and Coopers & Lybrand merged to form PricewaterhouseCoopers (PwC), creating one of the largest professional services networks in the world.
  7. 2002

    Sale of PwC Consulting to IBM

    PwC sold its consulting arm, PwC Consulting, to IBM for approximately $3.5 billion, rebranding it as IBM Global Business Services.
  8. 2010

    PwC Rebrands to PwC

    PricewaterhouseCoopers rebranded itself as PwC, simplifying its name while retaining the full name for legal purposes.
  9. 2014

    PwC Acquires Booz & Company

    PwC acquired Booz & Company, a major management consulting firm, and rebranded it as Strategy&.
  10. 2016

    PwC Launches Digital Services Division

    PwC launched a dedicated digital services division to enhance its capabilities in digital transformation and technology consulting.
  11. 2017

    Milestone

  12. 2018

    PwC Celebrates 20th Anniversary of Merger

    PwC celebrated the 20th anniversary of the merger between Price Waterhouse and Coopers & Lybrand, marking two decades of growth and innovation.
  13. 2019

    PwC Commits to Net Zero by 2030

    PwC announced its commitment to achieving net-zero greenhouse gas emissions by 2030, focusing on sustainability and environmental impact.
  14. 2020

    PwC Launches New Equation Strategy

    PwC launched its New Equation strategy, focusing on building trust and delivering sustained outcomes for clients in a rapidly changing world.
  15. 2022

    PwC announced significant investments in Environmental, Social, and Governance (ESG) services to help clients navigate the complexities of sustainability and corporate responsibility.
  16. 2023

    PwC enhanced its artificial intelligence capabilities by acquiring several AI-focused firms, aiming to integrate advanced technologies into its service offerings.

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