More NewsKPMG merger creating ‘nervousness’

KPMG merger creating ‘nervousness’

Culture clashes emerge in Pan-European merger of firms

The merger of KPMG’s UK and German firms is creating nervousness because the
partners from the two divisions have very different approaches to conducting
business, according to reports.

German partners address one another as ‘Herr’ rather than using first-name
terms even with colleagues they’ve known for 20 years.

And while English partners apparently take some trouble to phrase criticism
more delicately, the Germans are inclined to speak their mind.

The merger will create Europe’s largest accountancy firm with revenues of
more than £2bn a year and will take effect in October.

Further reading:

Insider Business Club: mergers &
acquisitions

M&A needs goodwill from IFRS

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