Acclime, a premier corporate services provider in Asia-Pacific, takes a significant leap by acquiring the non-audit division of RSM Hong Kong. The acquisition will exceptionally boost Acclime’s business and influence in the advisory services landscape.
Acclime Expands with Acquisition of RSM’s Non-Audit Division
Under terms of the acquisition, the non-audit division of RSM will now operate under Acclime Advisory Services. This division employs around 150 talented individuals, providing services like taxation, risk advisory, transaction advisory, and corporate advisory to both local and international clients. The managing partner will be Mr. Eric Chen, who also heads the Tax Division. Together they create a strong and proficient team in advisory services.
Impact of Acquisition on Acclime’s Growth and Services
According to Mr. Martin Crawford, Co-Founder and CEO of Acclime, this acquisition increases Acclime’s overall business size by about 30%. In his statement, Mr. Crawford emphasized that the addition builds scale within Acclime’s portfolio and expands their service line capacities, enabling the company to provide a broader range of services like transaction advisory, risk advisory, and restructuring services. Acclime aims to develop into a fully-fledged professional service firm in Asia with a focus on expanding advisory business in other Asian markets.
About Acclime and Rebranded RSM Hong Kong
Acclime, established in 2019, operates in 14 markets within the Asia-Pacific region, with more than 13,000 active clients and over 1,100 staff. Acclime is proud to be the leading technology-enabled professional services firm in Asia, supporting clients’ businesses in the region, including challenging emerging markets.
The former RSM Hong Kong, a notable accounting and consulting firm that provided a comprehensive array of services to clients in Hong Kong and internationally, has recently undergone restructuring. After the restructuring process, its audit and IT consulting divisions remained together as a correspondent firm of RSM International, and the non-audit division was acquired by Acclime.
This acquisition represents a significant move in the Asian professional services landscape, with regulatory changes and market demands pushing firms to innovate. Acclime’s expansion promises an enhanced suite of services and tools for clients while kick-starting the development of a borderless pan-Asian advisory firm.
Don’t miss our latest Startup News: Streamlining Payments: Exploring the Benefits of Low-Cost ACH