Alexa

KPMG says it plans to merge its German and U.K. businesses

KPMG says it plans to merge its German and U.K. businesses

KPMG KPMG International said Friday it plans to merge its U.K. and German member firms to create KPMG Europe LLP, a single entity expected to earn more than 2 billion pounds (US$3.8 billion euro2.9 billion) in revenue this year.
The combined entity, which will be Europe's largest accountancy firm, will be chaired jointly by John Griffith-Jones, currently chairman of KPMG LLP UK, and Rolf Nonnenmacher, chairman of KPMG Deutsche Treuhand-Gesellschaft AG, the company said in a statement.
"We believe the merger will be good for all our clients, because we will be able to serve them even more effectively; good for our people, because it will increase opportunities open to them," Griffith-Jones and Nonnenmacher said.
Starting operations next year, the new company will be registered in the U.K. and based in Frankfurt. It will offer audit, tax and advisory services across Europe.


Updated : 2021-03-03 11:54 GMT+08:00