RBS RoeverBroennerSusat (RBS) and Haag Eckhard Schoenpflug (HES), German member firms of Moore Stephens International have merged, effective 1 January 2014.
The client base of both firms has traditionally focused on the medium-sized market, in particular owner-managed companies.
The merged firm trades under the name of RBS RoeverBroennerSusat, and allows Moore Stephens International to expand and reinforce its presence across Germany, the international network said.
As a result of the merger, the combined firm serves clients in industries such as the financial services, real estate, energy, publishing, service sectors as well as hospitality and tourism.
Moore Stephens International ranked seventh with revenues of €182.1m ($248.8m) in the year to September 2012, according to the latest International Accounting Bulletin Germany survey.
RBS was the eleventh largest single firm in 2012, with revenues of €65.4m for the same year end. Currently, Moore Stephens International said it has more than €70m and 54 partners and 700 employees in ten different locations across Germany.
"This merger with HES in Frankfurt further strengthens RBS' position as a specialist firm in the mid-tier offering a real alternative to the Big 4 for substantial medium-sized and owner-managed businesses in the Rhine-Main region," Moore Stephens International executive director for Europe Chris Rawden said.
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