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

16 June 2017

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.”


More news on


SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”