BDO's acquisition of Chiltern will see no job cuts, and will push on both firms' ambitous targets in the tax market
Accountancy Age, 12 Oct 2007
'No job cuts' will follow Chiltern's acquisition by BDO Stoy Hayward, BDO's head of national tax, Paul Eagland, has told Accountancy Age.
As BDO presented its deal of its latest acquisition Chiltern, which houses 75 partners plus support staff, Eagland said the combination was made to accelerate BDO's ambitious growth plans and enhance market position.
'Wider knowledge gives us a better platform to grow,' said Eagland.
Both firms had expected double-digit growth over the next financial year, which Eagland siad will be enhanced through the acquisition rather than just maintained.
'The impact on the market will be significant,' said Eagland.
He said partners of both firms had agreed to the deal 'unanimously'.
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