KPMG in Estonia joins the Nordic region

05.12.2017

The business advisory firm KPMG Baltics OÜ joins the KPMG Nordic region and obtains additional capability to provide new services to Estonian companies.

 

The business advisory firm KPMG Baltics OÜ joins the KPMG Nordic Region and obtains additional capability to provide new services to Estonian companies. The new step will take us to the future and support the Estonian business world in its integration with the Nordic countries.

 

The chairman of the board Andris Jegers emphasised that KPMG’s business service offering now stands apart from that of competitors belonging to the Central and Eastern European networks by the capability to involve the consultants of the Nordic countries who have a better understanding of the local business DNA in more complex advisory projects and transactions. “We can provide audit and advisory services and new forward-looking business services of distinctive value,” said Jegers.

According to Jegers, the move will make it easier for KPMG to offer leading Estonian companies the world’s top quality in several existing and new service areas. KPMG in Finland, for example, holds the leading position in cyber security – with 60 per cent of all public sector work – and also in other IT advisory services. “As the majority of the most successful Estonian companies are increasingly more connected to the Nordic countries both in terms of exports and investments, we strive to be their preferred adviser today as well as in the future.

 

Naturally, tighter cooperation with Finland and Scandinavia does not reduce KPMG’s Estonian auditors’ and business advisers’ capability to advise Estonian businesses and organisations in the Baltics and Central and Eastern Europe as well as globally,” added Jegers. “KPMG opened an office in Estonia in 1992 and thanks to Finnish professionals quickly achieved a leading position in the audit market,” recalled Kimmo Antonen, the CEO of KPMG in Finland. “Today, 20 years later, our close cooperation launched at a new level means an outstanding synergy for our clients and employees both in Estonia and Finland.”

 

By the agreement signed today, the Finnish company KPMG Oy Ab acquires an interest in KPMG Baltics OÜ and the two companies will start operating as a single partnership. The transaction will not bring about any changes in the management and structure of the Estonian company. KPMG’s Estonian entities’ total turnover for the period ended on 30 September 2017 exceeded 6 million euros.