KPMG’s Norwegian and Saudi Arabian firms will
join KPMG Europe, taking the number of countries to 16. The
addition of the two firms increases KPMG’s combined partner and
staff employment to more than 30, 000 in over 120 offices and
revenues of €4.7bn ($64bn).

Other countries in the firm include Armenia,
Belgium, Georgia, Germany, Kazakhstan, Kyrgyzstan, Luxembourg, the
Netherlands, Russia, Spain, Switzerland, Turkey, the UK and the

The addition of KPMG Norway and KPMG Saudi
Arabia will enhance KPMG Europe’s provision of services to the oil
and gas sector.

KPMG Norway generates revenue of €120m, of
which 15 percent is from serving oil and gas clients.

KPMG Saudi Arabia had recorded revenue of
€31.5m in 2010 and employs 450 partners and staff.

KPMG Europe is implementing a strategy to
enhance what it has marked as key sectors for growth and investment
over the next three years. The firm plans to increase its workforce
to 8,000.