Deloitte targets accelerated growth with additional €200m investment in the creation of North West Europe firm has been saved
Deloitte targets accelerated growth with additional €200m investment in the creation of North West Europe firm
04 October 2016
- Investment will focus on clients, talent and building capability;
- Combined firm will generate over €5bn of revenue with 28,000 partners and staff.
Deloitte today announces that its Belgian, Danish, Dutch, Finnish, Icelandic, Norwegian and Swedish member firms will combine with the UK and Swiss firm to create Deloitte North West Europe. The move will see Deloitte invest an additional €200m over the next three years in its capabilities across the region to enhance its service to its global, national and private market clients and to create the best development opportunities for its people. Deloitte North West Europe will come into effect on 1 June 2017 and will have 28,000 partners and people, generating over €5bn in annual revenue.
David Sproul, Deloitte’s UK chief executive and chief executive-elect of Deloitte North West Europe, said: “This is a bold move which reflects our growth ambitions. Europe is already the fastest growing region for Deloitte and we believe that by combining across these markets we will further increase the growth potential of Deloitte regionally and globally, as well as our ability to influence positively the growth of our clients.
“Deloitte North West Europe will combine the breadth and depth of capabilities of eight market leading member firms. The investments we are making will allow us to better serve the needs of our clients who are operating in a more globally connected way than ever before, and continue our relentless focus on quality. It will also allow us to offer career development opportunities for our people, helping us to attract, develop and retain the very best talent across the region.”
Punit Renjen, Deloitte Global CEO, said: “Our strategy is to deliver services to clients as one seamless global organisation. In addition to expanding our capabilities, expertise and insights, our increased scale will enable us to accelerate investments in the types of innovations that transform and advance our clients’ business.”
Deloitte North West Europe will account for approximately 20% of all revenue within Deloitte’s global network.
Globally Deloitte has more than 244,400 professionals at member firms delivering services in audit, tax, consulting, financial advisory, risk management, and related services in more than 150 countries and territories. Revenues for fiscal year 2016 were US$36.8 billion.
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.