Baker Tilly Strengthens Spanish Market Position with Audalia Merger

Deal News | Nov 20, 2024 | Finance Community ES 2 - Corporate M&A

Baker Tilly Strengthens Spanish Market Position with Audalia Merger

Baker Tilly Spain has announced a strategic merger with Audalia Nexia, solidifying its presence in the Spanish market. This integration is a crucial step for Baker Tilly, now boasting over 550 professionals spread across eight offices with a combined revenue of nearly 60 million euros. The merger, which follows more than a year of analysis, allows the firms to offer a more extensive range of services both locally and internationally. With 45 years of experience, Audalia's team of 120 professionals complements Baker Tilly's services in auditing, consulting, and fiscal and legal areas. This merger also accelerates Baker Tilly's digital transformation efforts and enhances its ability to provide innovative solutions across its core business areas. Following the merger, Baker Tilly reinforces governance by integrating Audalia’s partners into its management structure, aiming to become a leading provider of professional services both internationally and locally in Spain. Additionally, the merger enhances the global network connection of Baker Tilly, which is among the top 10 global networks, with a presence in 141 countries. The merger is accompanied by physical relocations of their Madrid and Barcelona offices and further expands Baker Tilly's reach in strategic markets such as Catalonia and the Levant region.

Sectors

  • Professional Services
  • Digital Transformation

Geography

  • Spain – The merger takes place in Spain, impacting the local professional services market and involving several Spanish cities.
  • International – The merger enhances Baker Tilly's international service offering as part of its global network, spanning 141 countries.

Industry

  • Professional Services – This includes firms offering consulting, audit, advisory, and legal services, which are central to the merger discussed in the article.
  • Digital Transformation – The merger aims to accelerate digital transformation within Baker Tilly, highlighting the importance of technology in their service offerings.

Financials

  • 60 million euros – The combined revenue of Baker Tilly España and Audalia Nexia post-merger.

Participants

NameRoleTypeDescription
Baker Tilly EspañaAcquiring CompanyCompanyA Spanish consultancy and professional services firm, part of the global Baker Tilly network, spearheading the merger with Audalia Nexia.
Audalia NexiaTarget CompanyCompanyA Spanish professional services firm merging with Baker Tilly to enhance service offerings and market reach.
Xavier MercadéCEOPersonCEO of Baker Tilly España, instrumental in orchestrating the merger with Audalia Nexia.
Javier López-GuerreroPresidentPersonPresident of Baker Tilly, involved in strategic decisions impacting the merger.
Santiago AliPartnerPersonA founding partner of Audalia, supporting the integration into Baker Tilly.