Unija ETL Expands Presence in Serbia with AccountTronic&Tax Acquisition
Deal News | May 19, 2025 | CEE Legal Matters
Unija ETL, an international accounting firm and part of the global ETL network, has acquired a majority stake in the Serbian accounting firm AccountTronic&Tax. This acquisition effort was supported by ZSP Advokati, a Belgrade-based law firm. The acquisition not only enhances Unija ETL's foothold in Serbia but also complements its continuous expansion strategy, having recently acquired Klaris NS in the region. The advisory team from ZSP Advokati included Partner Nikola Sugaris and Senior Associate Aleksandar Milanovic, emphasizing the firm's adeptness in handling cross-border transactions and strategic expansions in the accounting sector.
Sectors
- Accounting and Financial Services
- Legal Advisory
Geography
- Serbia – The target company, AccountTronic&Tax, and the acquiring company's subsidiary, Unija Smart Accounting Srbija, operate in Serbia.
- International – Unija ETL is part of a global network, ETL GLOBAL, with operations in over 60 countries, highlighting the international scope of the acquisition.
Industry
- Accounting and Financial Services – The article involves companies that provide accounting, tax, auditing, and financial consulting services.
- Legal Advisory – ZSP Advokati, a law firm, is involved in advising on the acquisition transaction.
Financials
- Not disclosed – The financial terms of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Unija ETL | Bidding Company/Buyer | Company | An international accounting firm expanding its presence in Serbia by acquiring AccountTronic&Tax. |
| AccountTronic&Tax | Target Company | Company | A Serbian accounting firm acquired by Unija ETL. |
| ZSP Advokati | Legal Advisor | Company | A law firm providing advisory services to Unija ETL on the acquisition. |
| ETL GLOBAL | Network | Company | A global network to which Unija ETL belongs, providing extensive accounting and auditing services worldwide. |
| Nikola Sugaris | Advisor | Person | Partner at ZSP Advokati involved in the transaction. |
| Aleksandar Milanovic | Advisor | Person | Senior Associate at ZSP Advokati involved in the transaction. |