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August 22, 2014

Grant Thornton continues its external growth strategy

By Isabella Grotto

Grant Thornton International has carried out 22 mergers and acquisitions across Canada, Taiwan, Switzerland and Vietnam in the 10 months leading to 1 August 2014.

In Canada, the Jeromien office of chartered accountants Rochon Thériault Chartrand merged with Raymond Chabot Grant Thornton and Ontario’s EPR Kielstra & Company Chartered Accountants merged with Grant Thornton Canada.

Taiwan’s e-Bridge C.P.A.S’s merger with Grant Thornton Taiwan saw the Hsinchu-based accounting firm add a new office near Hsinchu Science and Industrial Park, an incubator for technological and scientific development.

In Vietnam, ACPA Nexia merged with Grant Thornton Vietnam, doubling the size of the latter firm’s presence in the country.

Lastly, Grant Thornton Switzerland merged with Bankrevisions- und Treuhand, an audit and advisory firm focused on the banking and financial sector.

This latest announcement suggest the international network continues its external growth strategy started in 2012 with the addition of several PFK international member firms around the world, and most notably in Australia and South Africa.

According to the International Accounting Bulletin 2014 World Survey, Grant Thornton International ranked as the sixth largest international network with a reported 8% average growth rate, to $4,519m in the year to 31 September 2013. Making it the best-performing top-10 network in 2013.

 

Related links:Grant Thornton International

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