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February 24, 2011

BDO merges with AWT Horwath

BDO Germany has merged with AWT Horwath based in Munich, Germany.

The firm was previously a member of Crowe Horwath International and will now operate under the name BDO AWT. It has about 125 staff and reported fee income of €14m ($19.3m) in the most recent fiscal year.

BDO said the transaction will further strengthen its position in Germany, in particular in the southern part of the country.

BDO Germany managing partner and chief executive Holger Otte said the firm expects to generate an annual turnover in Munich of about €25m with a team of about 210 professionals.

Munich will become BDO’s second largest office in Germany.


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