TMF Group acquires Avanzia Taxand Limited

TMF Group has continued its global expansion with the acquisition of Avanzia Taxand in Malta for an undisclosed sum.

Avanzia Taxand is part of the world’s largest independent tax organisation. It provides a complete range of tax advisory and tax compliance services, as well as a suite of specialist corporate services, to an array of international clients, including domiciliation, accounting and directorship services.

TMF said the acquisition marks a “significant step” for the group, strengthening and widening its presence in Malta and southern Europe. At the same time, TMF Group will be able to serve more than 150 clients currently assisted by Avanzia.

Frank Welman, TMF group head of EMEA, said: “This acquisition represents a strategic move that will strengthen TMF Group’s market position in South East Europe (SEE), expand our product offerings and provide new opportunities for growth and innovation. We firmly believe that combining our resources and expertise with Avanzia’s talented team will lead to even greater success and a more robust future for our operations in the country.”

Avanzia Taxand MD Walter Cutajar added: “We are very pleased to become part of another international organisation such as TMF Group. Our employees and clients will certainly benefit from TMF Group’s global footprint and its distinctive positioning in the market.”