KPMG has acquired outsourcing advisory firm EquaTerra for an undisclosed sum.
The deal will give KPMG the ability to create one of the broadest global sourcing and shared services advisory offerings across the Americas, Europe and the Asia-Pacific region. The combination will provide various outsourcing advisory services.
“EquaTerra is an ideal fit for KPMG and we look forward to welcoming the EquaTerra team to the KPMG network family,” said KPMG International chairman Timothy P. Flynn in a statement. “Through this acquisition, clients of KPMG member firms will benefit from the addition of a market-leading sourcing adviser to help them transform their organizations into more flexible enterprises in a way that meets today’s complex market demands.”
The name “EquaTerra” means “level ground,” which aligns with KPMG’s goal of providing an objective sourcing and shared services advisory approach.
The acquisition will allow KPMG member firms to help clients manage large-scale, cross-border transformation efforts. EquaTerra is ranked No. 2 on the International Association of Outsourcing Professionals’ 2010 list of the World’s Best Outsourcing Advisers. It serves clients throughout the Americas, Europe, Middle East, Africa and Asia-Pacific, providing advice on finance, accounting, HR, IT, procurement and other business processes.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access