Effective 1 January 2020, BDO and Moore Stephens will join forces in the Czech Republic. The merger is part of a far-reaching restructuring within BDO aimed to raise the level of its total service offering. After the merger, they will operate under the BDO name.
Petr Slavíček, managing partner of BDO in the Czech Republic, explains: “In the past, BDO’s firms operated as independent entities. The merger with Moore Stephens is the perfect moment to unite the various BDO Audit firms, already working closely together, and integrate our IT advisory services.”
Trond-Morten Lindberg, CEO of BDO Europe, Middle East and Africa (EMEA), adds “By merging BDO and Moore Stephens, and incorporating the different services in one solidified firm, we aspire to become a strong and sustainable firm, providing a wide range of expertise. This will significantly alter the way we serve our clients and will help them transform their businesses in an increasingly digital world.”
The new firm, with more than 450 professionals and revenues of more than CZK 500 million, will be a local leader in accountancy and business advisory for entrepreneurial and ambitious companies. The merger of Moore Stephens with the existing BDO Audit and IT Advisory practices will give the combined firm an important position in the Czech market.
Miroslav Jandečka is the managing partner of Moore Stephens in the Czech Republic: he says “We have made a significant and future-oriented decision in our journey. The interactions we’ve had with our new colleagues from BDO have excited me from the very beginning. The vision of one large, fully integrated firm serving both local and international entrepreneurial spirited businesses – and at the same time attracting the best professionals on the market – is what will inspire me for years to come. We are creating a robust and ambitious firm locally, supported by a truly international network that will offer a broad portfolio of services at the highest level”.