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German firm Taxfix Group has revealed it has agreed a deal to acquire London-based firm TaxScouts.
With this strategic move, Taxfix enters the UK market and now offers a range of tax filing services in four of the biggest European markets: Germany, UK, Spain and Italy.
TaxScouts’ 40-people strong team will join forces with Taxfix, fostering collaboration, innovation, and knowledge sharing across markets.
Malcolm Cowley, CEO at TaxScouts, will continue to spearhead TaxScouts at Taxfix Group.
Kaupo Korv and Daniel Karger, founders of TaxScouts, will continue to serve as CPO and CTO at TaxScouts and work closely with the Taxfix leadership team.
The acquisition accelerates Taxfix’s international strategy and will unlock significant growth opportunities across Europe.
With over 12 million people required to file a self assessment tax return every year, the UK presents significant growth potential.
Martin Ott, CEO at Taxfix, said: “The acquisition of TaxScouts marks a significant step in our European expansion. Tax filing can be a daunting and painful process for so many people across Europe, and with TaxScouts, we share the same mission: to break down barriers and empower users to take control of their finances, starting with their tax return.
“I am personally very excited to officially welcome our new TaxScouts colleagues to the Taxfix Group. Combining the strengths of our teams will allow us to better address the diverse needs of all taxpayers across Europe and help even more people.”
Malcolm Cowley, CEO at TaxScouts, added: “We are thrilled to join the Taxfix family. Delivering exceptional service to our customers remains at the heart of what we do, and this partnership allows us to leverage Taxfix’s innovative approach and extensive resources to enhance our services in the UK and Spain.
“Our teams are a great fit, sharing a common mission to simplify tax filing and alleviate the associated stress for everyone. Enhanced by the scale and strength of Taxfix, we can achieve this goal on a larger scale together, making a significant impact across Europe and beyond.”
TaxScouts is headquartered in London, UK, with offices in Madrid, Spain and Tallinn, Estonia.
