Praxity Alliance receives boost with German & Icelandic firms
Second-largest alliance recruits two new member firms; HWS from Germany and ENOR from Iceland
PRAXITY ALLIANCE has increased its offering with its recent signing of firms from Germany and Iceland.
The second-largest alliance by fee income announced that German firm HWS would join its group. HWS has six offices in Stuttgart and Baden-Wurttemberg, employing 120 staff.
Praxity also announced that ENOR, one of the top ten firms in Iceland would also join the alliance. ENOR has 11 employes and two offices.
Praxity chairman, Rick Anderson (pictured), said: “In an increasingly global business environment, we want to open up the world market to our members. These latest additions to our membership extend our reach even further.”
According to the latest Accountancy Age Top 35 Networks & Alliances survey, Praxity operates in 109 countries and has 2,768 partners worldwide. It’s combined 2012 turnover was approximately $3.7bn (£2.4bn) – a 1% increase on the previous year. Its administrative centre is based in Surrey UK however, its registered office is in Belgium.
UK member firms include Albert Goodman, Forrester Boyd and most notably Mazars. Praxity members as part of an alliance do not have to use common branding. In a previous interview with AccountancyAge, Anderson said that members are essentially local firms, with mid-market clients geographically close to them that have a desire to expand internationally.
According to the latest Accountancy Age Top 35 Networks & Alliances, Praxity ranks behind GGI which has a combined turnover of $4.4bn.