• Register
Return to: Home > News > Big Four > EY finalises merger with KPMG Denmark

EY finalises merger with KPMG Denmark

KPMG and EY in Denmark have announced they "reached an agreement on all outstanding issues associated with their respective Danish practices" and that as of 1 July KPMG Danish practice will become part of EY.

The two firms first signed a merger agreement in November 2013.

Prior to the merger EY Denmark was ranked as the fifth-largest firm in the country and the merger will more than double its size, probably making it the second-largest.

EY Denmark last reported fee income of DKK615m ($111.8m), while KPMG, ranked as the third-largest firm, earned DKK1,546m in fees.

The Danish market has been known as fiercely competitive, with PwC merging with Grant Thornton Denmark in 2011, followed by Grant Thornton adding PKF Kresten Foged as its member. Also in 2011 Baker Tilly Denmark acquired KPMG Randers, which was one of KPMG's operations in the country.

The details of the deal are confidential and KPMG is yet to announce a new member in the country.

Related article:

EY and KPMG look to merge in Denmark

 

Top Content

    South Africa: sensing new opportunities

    It has been an interesting couple of years for the profession in South Africa. A number of high-profile scandals have brought the profession and the role of auditors into sharp public focus, brewing a distrust towards accountants and a large expectations gap. Joe Pickard reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.