Crowe Horwath International’s Norwegian firm
is to join BDO Norway, creating a firm of a similar size to
Deloitte. The merger, effective 1 July, will add more than 100
employees to BDO and increase annual revenues to about NOK1.1bn
($206m). Deloitte’s Norwegian firm reported revenues of NOK1.14bn
in fiscal 2010/11.
BDO Norway has been expanding rapidly in the
past two years by merger and acquisition. Recently, the firm
acquired integrity services firm G-Partner and accounting and
advisory firm Revisjon, a former Praxity member firm.
BDO Norway’s revenue has shot up nearly 50% in
the past couple of years. Prior to the Crowe Horwath merger, BDO
Norway reported annual revenue of NOK1.05bn.
“I am delighted to welcome Crowe
Horwath’s 100 highly competent employees to BDO, and I am certain
that they will feel at home from day one,” said BDO Norway managing
partner Trond-Morten Lindberg, a recent winner of the
IAB Young Accountant of the Year Award.
“We all have a proactive and non-bureaucratic
approach and we know how important it is to be available for our
clients locally.”
Crowe Horwath managing partner Dag Ramsberg
said the merger with BDO was attractive to the Crowe Horwath firm
due to a good cultural match.
“BDO now becomes an even more competitive
challenger to the large and traditional accounting and advisory
firms in Norway,” Ramsberg said.
