Azets Sweden has completed the acquisition of KPMG Sweden’s audit, advisory, and tax services aimed at small businesses.
The agreement, which was first disclosed in February 2025, includes certain services for mid-sized enterprises, as well as audit and advisory offerings for municipalities and regional authorities.
KPMG Sweden partner and CEO Mathias Arvidsson said: “We are focusing our presence in Sweden on 12 locations to build a stronger KPMG.
“This will give us the strength to accelerate our offering and continue creating value for customers, employees, and society. The transaction, in collaboration with Azets, has been carried out with great professionalism and expertise.
“We wish Azets Sweden, along with the employees and clients who are now joining their operations, all the best and look forward to continued successful cooperation.”
As a result of this acquisition, Azets has integrated 300 new employees, including 14 partners, enhancing its operational reach to over 30 cities in Sweden and raising its annual revenue in the country to Skr1bn ($104.9m).
This development represents Azets' first entry into the audit services market within the Nordic region and aligns with the group's strategic objective of establishing a £1bn business by 2027.
The acquired services will be organised into a new division within Azets Sweden, focusing specifically on audit and advisory functions, the company said.
With operations in Norway, Denmark, and Finland, Azets aims to leverage this acquisition to further its expansion in the Nordic audit and advisory landscape, thereby enhancing its offerings for SMEs and public sector entities in the region.
Azets Group CEO Chris Horne said: “This is a significant and symbolic step forward for Azets, as we lay the foundations for long-term growth across the Nordics.
“Sweden is our launchpad – but our sights are firmly set on building a leading audit, tax and advisory capability across the region, combining deep local knowledge with the scale and strength of our Group.
“The Nordic market is a key pillar of our Group strategy. We’re committed to investing in talent, expanding our services, and supporting clients with the trusted, technology-enabled expertise they need to move forward with confidence.”
“Azets acquisition of KPMG Sweden’s audit and advisory services” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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