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April 7, 2010

Praxity member FIDES merges with Kemsat

Praxity member firm FIDES has merged with Hamburg-based firm Kemsat creating one of the largest mid-tier firms in the North West Germany.

FIDES has thirty partners, 300 staff and nearly €30 million in annual revenue. The firm’s largest clients are from the owner-managed business sector and larger SMEs with international requirements.

Its headquarters are in Bremen and there are branches in Hamburg, Bremerhaven, Rostock and Cologne.

Shipping, real estate focus

Managing partner Andreas Noodt said the main reason for the merger with Kemsat is to enhance the size of the firm’s Hamburg operations as well as gain new expertise in the shipping and real estate sector.

Noodt believes the merger will enable the firm to compete with the Big Four in the North West region.

The firm’s strategy focuses on serving SMEs and smaller corporate enterprises.

FIDES specialises in sectors including:

  • Port management/shipping/logistics;
  • Public sector;
  • Banks and financial services institutions;
  • Non-profit organisations;
  • Health care; and
  • Utilities and waste disposal companies.

 

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