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Mazars, an international, integrated and independent organisation specialising in audit, accountancy, tax, legal and advisory services, has announced a strategic merger with the German firm Roever Broenner Susat.
As part of its global growth strategy, Mazars constantly strives to identify and integrate top talents from firms that share its values. Merging with Roever Broenner Susat, already present in Germany, Mazars hopes will create an influential player in the national and international scope of Europe’s largest economy. In China and Hong Kong, Mazars has a portfolio of German clients and this strategic merger is done with the aim of reinforcing their presence in this emerging market. Mazars’ Hong Kong managing director Stephen Weatherseed said “Germany is the largest European investor in China, and is now also attracting the attention of Chinese business by its technology and manufacturing know-how, as well as its own domestic market and entry point for the European Union market. As such we are delighted to welcome our new Mazars partners in Germany and look forward to building on their current client base and introducing opportunities to them from our Chinese clients.” The new entity employs 1000 staff, including 68 partners, spread out in 12 offices around the country who will advise the clients of Mazars in Germany regarding audit, tax, accountancy and outsourcing, financial advisory and law. Present in 73 countries, Mazars has doubled its revenues over the past 10 years, reaching €1.2bn in 2015, with the help of over 15,000 employees around the world. Mazars in Germany will now contribute nearly 10 percent of overall activity. Christoph Regierer and Gregor Kunz, partners at Roever Broenner Susat, will respectively join Mazars’ executive board and group governance council. Philippe Castagnac, Mazars’ CEO and chairman of the executive board, underlines that “the European audit reform is opening new doors for Mazars, a bona fide international partnership with European origins. Welcoming Roever Broenner Susat into our firm strengthens our position at the heart of Europe’s first economic power. It’s a smart move”. “We share with Mazars a culture that is demanding and independent. Our capacities are very complementary and this merger will allow us to provide our clients with quality internationally-focused services”, said Gregor Kunz, Dr Christoph Regierer and Dr Jost Wiechmann of Roever Broenner Susat. The merger is subject to the approval of the German competition authorities. |
Mazars merges in Europe
