Press release by BDO – BDO Luxembourg is pleased to announce that an agreement has been reached to incorporate HRT Group, a member of PKF International. The firm is closely aligned with BDO and their multi-disciplinary services offering include auditing, accounting, financial engineering, taxation and human resources.
This transaction is fully representative of BDO’s global strategic ambition and growth plan, bringing BDO Luxembourg’s headcount of experienced professionals to more than 500 and will significantly increase the firm’s revenues.
Marc Thill, Managing Partner of BDO Luxembourg, sees the deal as having crucial importance for the firm’s future: "This is a major event in terms of the growth of our firm”, he says.
“Our development over the last several years has seen a focus on expanding our expertise and has been largely organic. On this occasion, we have achieved a deal that will allow us to grow considerably faster because we are joining with colleagues whom we know well and who share our vision for the future. Our agreement is a real opportunity for the partners and staff in both firms, offering them increased career development potential within an expanded BDO Luxembourg.”
Alain Lam, CEO, and Philippe Richelle, Managing Partner, both of the former HRT, are delighted by the evident synergies at the heart of both firms: “Our approach is so similar, we feel that this was bound to happen and we strongly believe that, together, we represent one of the best professional services firms in Luxembourg. Above all, the resources of our combined firms will mean that our clients have access to an increased range of quality services, and at the same time continue to enjoy the close relationships that are BDO's trademark."
The new BDO Luxembourg will be based in stunning new offices in Luxembourg’s Cloche d’Or area. Benefitting from a particularly effective management platform, the combined firm is equally excellently positioned to attract new talent and therefore to contribute to the development ambitions of the BDO network as a whole.
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By GlobalDataAnders Heede, BDO CEO of EMEA, comments: "It is very pleasing to see this joining up of two important Luxembourg players. I am confident that they will be able to leverage the strengths of the combined firms and provide the results-driven and timely service their clients expect, being the firm of choice in Luxembourg."
