Monday, July 03, 2006

Deloitte & Touche Acquires BDO to Bulk Up in Australia

We hear that the rumored acquision of BDO by Deloitte has just been completed. Deloitte lags behind the leader PricewaterhouseCoopers and Ernst & Young / KPMG in number of employees in Australia. Deloitte Growth Solutions purchases only the Melbourne office of BDO for an undisclosed sum, the other Australian offices of BDO are unaffected. This bolsters Deloitte's top line and number of employees enabling it to compete in an increasingly competitive marketplace where bench strength is a critical factor to secure client engagements...



This isn't the first time that Deloitte (Australia) has taken over offices of mid-tier firms. In 1993 Deloitte Touche Tohmatsu merged with Duesburys, then the largest second tier firm in Australia. This merger occurred in Sydney, Melbourne and Brisbane. In March 1994, Deloitte Touche Tohmatsu merged with BDO Nelson Parkhill in Western Australia. In 1996 Deloitte Touche Tohmastsu merged with PKF in Adelaide, Darwin, Alice Springs and Katherine.

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