BDO buys HRT Group, expands Luxembourg footprint to over 500 staff

16 June 2017 Consultancy.uk

BDO Luxembourg has acquired HRT Group, formerly a member of the PKF network. The addition bolster's the firm's presence in the country, which now counts more than 500 professionals. The integrated entity will work out of BDO's new offices in the country, located in the Cloche d’Or area.

HRT Group, founded in 1995 in Luxemburg, is a professional services firm focused on supporting a broad array of sectors, from automotive to transport and logistics with accounting and advisory services. The firm has since 2014, been the sole Luxembourg representative of international professional services network PKF.

The affiliation of HRT Group with BDO is based on the ambition to accelerate the firm's growth, as well as the close cultures between the two, explained Alain Lam, CEO, and Philippe Richelle, Managing Partner, both of the former HRT Group. “Our approach is so similar, we feel that this was bound to happen and we strongly believe that, together, we represent one of the best professional services firms in Luxembourg. Above all, the resources of our combined firms will mean that our clients have access to an increased range of quality services, and at the same time continue to enjoy the close relationships that are BDO's trademark.” 

BDO Luxembourg acquires HRT Group

For BDO the addition is in line with its global strategy, bolstering its international footprint, while expanding BDO Luxembourg to more than 500 professionals. The integration will allow BDO to further expand its local client base, as well as strengthen its offering across a variety of core capabilities.

The integrated new BDO Luxembourg will be housed in its new office in Luxembourg’s Cloche d’Or area. The new office space will further allow the firm to expand organically – as an attractive proposition for new clients and new talent. Marc Thill, Managing Partner of BDO Luxembourg, reflected that the move is a "major event in terms of the growth of our firm.”

Thill added, “Our development over the last several years has seen a focus on expanding our expertise and has been largely organic. On this occasion, we have achieved a deal that will allow us to grow considerably faster because we are joining with colleagues whom we know well and who share our vision for the future. Our agreement is a real opportunity for the partners and staff in both firms, offering them increased career development potential within an expanded BDO Luxembourg.”

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