UK and German merger to create biggest single firm in Europe
Accountancy Age, 06 Oct 2006
KPMG has announced plans to merge its UK and German firms to create a single European firm with projected revenue of more than £2bn.
If completed, it will be the largest fully integrated accountancy firm in Europe with 17,000 partners and staff working from 44 offices across the UK and Germany, with its head office in Frankfurt.
The new firm, which will be known as KPMG Europe will be a member firm of KPMG International, the global network.
It will be chaired jointly by John Griffith-Jones, currently chairman of KPMG UK and Prof. Rolf Nonnenmacher, currently chairman of the managing board, KPMG Deutsche Treuhand-Gesellschaft AG.
In a combined statement, Griffith-Jones and Nonnenmacher said: ‘This merger will create Europe’s strongest and largest accountancy firm.’
The proposal has been approved unanimously by the boards of KPMG UK and KPMG Deutsche Treuhand-Gesellschaft AG, and those decisions are now subject to approval by partners in the UK and Germany in December.
He’s spent more than a decade at the top of...
The race to become the biggest firm on the planet...
Comments
Have your say on this article