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October 31, 2010

Norway and Saudi Arabia to join KPMG Europe

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 Ukraine.

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.

 

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