BANSBACH and O&R group to join forces
July 1, 2021
Stuttgart/Munich, June 29, 2021 – BANSBACH GmbH, one of Germany’s large medium-sized auditing and tax consulting firms headquartered in Stuttgart, today (Tuesday) acquired the majority shareholding of the Munich-based O&R group.
The merger of the company groups will create an auditing and consulting firm with combined revenues of around EUR 50 million and more than 400 employees. O&R will keep its brand and become a member, and wholly owned subsidiary, of the BANSBACH group. Both firms are also members of Kreston Global, a global network of medium-sized auditing and tax consulting firms.
The merger is the next step in BANSBACH’s strategy to expand its footprint as an integrated consulting firm throughout southern Germany. The BANSBACH group is now expanding its presence into Bavaria for the first time, in addition to Baden-Wuerttemberg, Hesse, Saxony and Thuringia. The merger also strengthens its expertise in these areas and also further expands its teams around the core competencies of auditing and tax consulting.
“We are very pleased that this strategic step will allow us to continue our expansion in southern Germany and strengthen our consulting expertise”, said BANSBACH’s managing partner and president-in-office of the German Chamber of Public Accountants, Gerhard Ziegler.
“This merger represents a strategically important milestone for the continued successful development of the O&R group”, commented Dieter Heidemann, Partner and Chairman of the Board of the O&R group.
The O&R group team comprises 45 people (of which 22 are tax advisors, auditors, lawyers, CVAs) and has over 40 years of experience especially in the areas of tax and law with a focus on corporate transactions as well as business valuations.
About BANSBACH GmbH:
The BANSBACH GmbH, co-founder of the international network Kreston International in 1971, has been comprehensively active as an auditing and tax consulting firm for medium-sized companies for over 90 years. The company’s range of services extends beyond its main focus areas to include law, corporate finance, management consulting and accounting with human resources. At 9 locations, around 350 employees advise clients of various legal forms and industries, from private individuals to major international corporations.
The BANSBACH Group includes the BTR BANSBACH GmbH, the SLP BANSBACH GmbH, the KRESTON BANSBACH GmbH, the BANSBACH Recht & Steuern GmbH, the BANSBACH Unternehmensberatung GmbH as well as the joint venture BANSBACH ECONUM Unternehmensberatung GmbH.
For more information about BANSBACH GmbH, please visit https://www.bansbach-gmbh.de/
About O&R group:
For more than 40 years, the O&R group has been providing comprehensive advice to companies and their shareholders on legal, tax, accounting and business management issues. The main areas of consulting are corporate transactions, company valuations, the analysis and answering of complex business and legal questions as well as the performance of annual audits and special audits. The O&R group includes the O&R Oppenhoff & Rädler AG, the O&R Kreston AG and the O&R GmbH Rechtsanwaltsgesellschaft.
For more information about O&R group, please visit https://or-group.com/