McLean, Va. (Sept. 13, 2002) -- KPMG Consulting said it has completed its acquisition of Andersen's business consulting unit in France. Terms were not disclosed.The Andersen unit employs approximately 800 people and generated net revenue of nearly $100 million in fiscal year 2002. KPMG Consulting is made up of nearly 16,000 people around the world, with annual revenues of approximately $2.4 billion.

"This transaction further completes the global footprint we have been establishing," said KPMG Consulting chairman and chief executive, Rand Blazer. "Combined with our recent acquisition of the German, Swiss and Austrian consulting practice of KPMG Consulting AG, we now have a solid foothold in the European market."

-- Electronic Accountant Newswire staff

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

Don't have an account? Register for Free Unlimited Access