• 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

    Time pressure: Facing up to mental health

    In an ‘always on’ culture, it is becoming increasingly difficult to manage a healthy work-life balance. While companies are beginning to address this problem by introducing different support systems, Joe Pickard finds more could be done to ensure the wellbeing of the professions workforce.

    read more

    Venezuela: the race for the dollar

    With a new currency following hyperinflation, large sections of the population emigrating to neighbouring countries, an economy on the brink of collapse and no apparent solution coming from the government, Jonathan Minter finds a profession struggling to stay afloat in Venezuela.

    read more

    Brazil: transparency and control

    Brazilian accountants have an optimistic view of the impact of more-regular reporting and the implications of audit controversies for the profession. Paul Golden reports.

    read more

    Argentina: looking for a clearer view

    The Argentine accounting profession continues to grapple with the impacts of a weak economy and a culture of financial corruption. Paul Golden takes a closer look.

    read more

    Blockchain: adapting to disruptive tech

    In the relatively few years since digital currencies first began using blockchain technology, the array of potential applications has grown significantly – and continues to expand. Dan Balla, Matthew Schell and Dave Uhryniak from Crowe look at how it impacts accountancy.

    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.