Two successful acquisitions by Flynth in the Netherlands
Published on May 04, 2022
In February 2022 Flynth adviseurs en accountants announced the intended acquisition of Accon avm, an accounting firm in the Netherlands with a turnover of 80 million euros and 800 employees. On the 6th of April 2022 the transaction was final and approved by The Dutch competition authorities. Another acquisition has also been completed by Flynth in March 2022. The partners of Astrium Accountants, with 70 employees, decided to join Flynth to realize a further expansion in their niche sector. Astrium Accountants is specialized in auditing annual statements of municipalities, schools and other non-profit organisations. The acquisitions will make the combined revenue of Flynth grow to up to 230 million euros and the number of employees will increase to up to 2,500. Flynth will remain number six in the Netherlands (after the big4 and BDO).
The announced acquisition is in accordance with Flynth’s strategy and ambitions. Flynth intends to further expand its current services in accountancy, audit & assurance, tax and advisory in order to remain the market leader and trusted advisor for small and medium-sized companies. The increased scale supports its strategy to invest and gain market share in specific sectors and to invest in data driven technologies, digitalisation and robotisation.
Marcel Blöte, member of the general board, is enthusiastic about the start of the year 2022, however he is also realistic about the amount of work that needs to be done in order to have a successful implementation. Therefor a special Management Integration Office has been installed and a new member of the general board has been appointed, Mrs. E. Lammens. This results in the total of four board members.