Details: The German member company of RSM, RSM GmbH, acquires HTG Wirtschaftsprüfung GmbH as of January 1, 2022, thereby expanding its Berlin office.
As part of the agreement, five partners from the HTG group of companies, as well as 85 employees from its Berlin office, will join RSM. During this time, 20 employees from the HTG Halle office will serve the Leipzig sales region.
The combination with HTG will expand RSM’s international restructuring and liquidation services, as well as its audit, tax and advisory lines. Financial terms were not disclosed. The acquisition is the latest in a series of mergers by RSM GmbH across Germany.
“By completing the strategic acquisition of HTG, we are moving our business forward by adding 110 critical thinkers with exceptional attributes,” said Santosh Varughese, Managing Partner of RSM in Germany., in a report. “The expansion of the RSM Berlin office and the acquisition of an office in Halle significantly increases our size and reach across the region.
Our new HTG colleagues bring significant expertise in advising companies in times of crisis. The fact that HTG has supported liquidators in over 10,000 legal proceedings over the past 20 years, from consumer insolvencies to corporate group insolvencies, tax, accounting and business management, speaks volumes. -same.
HTG executives hope to take advantage of RSM’s extensive services in Germany. “From the start of our discussions, we perceived the dynamism, state of mind and professionalism of RSM in Germany and around the world as very positive,” said
The managing partners of HTG Valentin Schmid and Stephanie Bschorr in a press release. “This is why we are now very proud to be part of RSM. We are happy to bring our expertise in restructuring consulting and also to be able to access the resources of RSM GmbH throughout Germany. RSM also offers us opportunities to further expand the range of our audit and international tax law services.
The operation will allow the RSM network to strengthen its presence in Germany. “Berlin is strategically an important location for our global customers,” said Jean Stephens, CEO of RSM International, in a statement. “As one of the hubs of European commerce, it can boast a proud heritage of serving a strong middle market. I welcome our new partners and employees in Berlin and Halle to the RSM family and network. With them, they bring experience and expertise that will greatly benefit our middle market clients. I look forward to seeing what our newly expanded team can accomplish together as they contribute to the continued success of German mid-market companies.
RSM GmbH has 18 offices with around 700 employees, including more than 200 auditors, tax advisers and lawyers. The company earned 90 million euros ($ 102 million) in 2020. The RSM network has more than 48,000 employees in 820 offices in more than 120 countries.