Nexia member takes over Deloitte
branch

Nexia Netherlands member Kroese-Wevers Accountants and Tax
Consultants has reached an agreement to take over the Deloitte
branch in Emmen, the Netherlands. KroeseWevers chairman Johan
Bossink said the takeover fitted perfectly into the firm’s strategy
to strengthen its position along the northern Dutch and German
border.

The acquisition has increased Kroese-Wevers’s work force by 20
percent to about 300 staff in eight provinces. The Emmen sale
includes the SME accountancy and consultancy practice.

Bossink said there would be no change for the branch’s current
employees. “There will be no question of lay-offs, so customers can
continue to rely on their trusted contacts. Our new branch in Emmen
also offers our clients the complete package of Kroese-Wevers
services: accountancy, taxation, salaries and advice on subsidies,”
Bossink said.

Corporate finance will be added as a new discipline.

SMEs still important

Deloitte Netherlands emphasised that the sale was not an indication
it was leaving the SME company market. Board member Jan Dalhuisen
said Deloitte had decided to centralise its activities in the
northern districts and both the clients and the professionals
involved are positive about this decision. “The SME market is and
will remain an important market segment for Deloitte in which we
invest significantly in state-of-the-art technology and are
upgrading our range of services,” Dalhuisen said.

According to IAB’s latest Netherlands survey (see IAB
411), Deloitte had the highest fee income in the Netherlands,
earning €698 million ($992 million) in the year ended May 2006,
with income growing 5 percent on the previous year. The sale of
Deloitte’s Emmen practice contributes to the ongoing reduction in
the number of Deloitte offices across the Netherlands, from 50 in
2005 to 35 in 2006.

In comparison, mid-tier association Nexia Nederland, which was
established only in 2006, had a fee income of €47 million and 17
offices across the country.

Nicholas Moody