• Register
Return to: Home > News > Mid Tier > Race for top 10 ranking in Germany continues

Race for top 10 ranking in Germany continues

Baker Tilly Roelfs and TPW Group have merged in a move that could potentially make Baker Tilly International one of the top 10 largest international networks in Germany.

TPW's 250 employees and 20 partners will join Baker Tilly Roelfs's Hamburg office. And the addition of TPW will bring total annual revenues of €48m ($53.84m) to Baker Tilly Roelfs, according to Baker Tilly International.

The global network is therefore expecting to see the resulting firm's revenue rise to €135m.

This could make the global network the 10th largest network in the country as according to IAB latest Germany survey HLB International ranked 9th with fee income of €147.5m and Ecovis international ranked 10th with revenues of €128.9m.

The newly merged firm will operate under the Baker Tilly Roelfs name.

The merger echoes a similar agreement last month between Mazars and Moore Stephens International member firm RöverBrönner Susat (RBS) in Germany. The new firm is expected to report around € 110m in revenues in the year to 30 June 2015, which would make them fall short of the top 10 ranking in the networks table, but could put them in 8th position in the single firms table.

 

Top Content

    Blockchain and the Big Four: does it deserve all the hype?

    Although still in its infancy, blockchain is one of the most talked-about technologies of 2018. Will the blockchain bubble burst, or will it live up to its reputation as the ‘new internet’? Eleanor Jerome investigates

    read more

    Malaysia: Ready to show its strength

    Recent changes have enhanced the quality of audit reports in Malaysia, giving the profession a welcome opportunity to demonstrate its value to clients. Paul Golden reports

    read more

    China: Regulating the Chinese dragon

    Harsh regulatory actions and looming US trade wars have been dampening expectations in a Chinese market still full of potential, finds Jonathan Minter

    read more

    Indigenous Australians: New checks and balances

    With fewer than 40 known qualified Indigenous Australian accountants, Jonathan Minter speaks to Shelley Cable from PwC Australia about how increasing this number is an important part of improving the financial literacy of Indigenous communities

    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.