Sourcing consultancy Alsbridge has acquired Source, the end-to-end sourcing advisory specialist, for an undisclosed amount.

Alsbridge is huge in the US market with a large number of global and multinational clients. The company launched its own UK sourcing practice in March 2015 and the acquisition of Source is the first step in its planned rapid expansion in the UK.

Chip Wagner, CEO of Alsbridge, said: ‘Through this acquisition Alsbridge benefits from a strengthened presence in the rapidly growing UK and Northern European markets for IT outsourcing, business process outsourcing and network sourcing, which is one of is one of the most advanced, vibrant and competitive in the world.’

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