Accon avm takeover by Flynth finally completed

Flynth, the consultancy and accounting firm, will definitively take over competitor Accon avm. The two sides had been negotiating with each other for a long time, but it has now been successfully concluded. Flynth expects to complete the acquisition in the spring. This creates a nationally operating accountancy firm with approximately 2.400 employees, with a strong position in the agricultural sector.

Flynth and Accon avm announced the acquisition in a joint statement today (Friday, February 18). The takeover had been in the air for some time, when it became clear at the end of last year that Accon avm was in financial trouble due to accounting problems† Soon came Flynth in the picture† Theo de Vries, the current interim CEO of Accon avm, previously held this position at Flynth. The deal still has to be approved by the Netherlands Authority for Consumers and Markets (ACM). 

Both Flynth and Accon avm are in the top 10 of Dutch accountancy companies. They both have a strong agricultural branch, which is active in fields such as arable farming, dairy farming and pig farming. The announced transaction is in line with Flynth's strategy, the company said in a statement. The economies of scale thus create efficiency benefits, which, according to the company, translate into service provision. In its long-term strategy, Flynth aims for further development and innovations with high-quality data and knowledge-driven services, the company reports.

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