Acquisition by 216 accounts
In March 2017, 216 Accountants closed its first acquisition by acquiring Ceifer Accountants and Tax Advisors. Ceifer is specialized in business services and accountancy for the medical practice. 216 Accountants comprises the former SME business of KPMG in the Netherlands.
A leading Dutch ICT company acquired KPMG SME (Small and Medium Enterprises) in 2015 and rebranded it to 216 Accountants. As a result of the acquisition of Ceifer, 216 Accountants now expands its scope into the medical field. 216 also fortifies its position in the SME market in the greater Utrecht area where Ceifer already had its offices.
Buy and build
This acquisition of Ceifer Accountants is the first acquisition as part of the buy and build strategy of 216 Accountants in the Netherlands. 216 expects two more acquisitions in 2017.
Penrose has advised 216 Accountants on this acquisition.