Azets has agreed to acquire part of KPMG’s Sweden business.
It is buying the bit which focuses on audit, tax, and advisory services for SMEs, and the audit and audit-related services for municipalities and regions.
A total of 270 new colleagues, including 14 equity partners, will join Azets on completion of the deal, doubling the size of its Swedish business to SEK 1 billion.
The transaction is expected to be completed in summer 2025.
This is Azets first agreement in the Nordic counties, and underpins its strategy to become a £1 billion turnover business by 2027.
Chris Horne, Group Chief Executive Officer at Azets (pictured), said: “This is a transformational agreement for Azets, as we look to create a platform for accelerated growth of our audit, advisory and tax business across the Nordic region. This underlines our ambition to invest in new opportunities where we are trusted to deliver sustained outcomes that meet the evolving needs of our clients.”
