Mazars, the international audit and advisory group with offices in Malta, and Weiser, an audit and advisory firm with a strong presence in the northeastern US, are to merge.
Partners from both entities have voted to incorporate 74 Weiser partners into Mazars' international integrated partnership.
The deal marks a new stage in Mazars' international development: that the firm will have offices in 56 countries, served by 12,500 professionals, including over 680 partners.
Mazars and Weiser, which has a turnover of €100 million, have maintained a close and fruitful relationship for the past 10 years under a joint venture agreement.
Mazars chairman and chief executive Patrick de Cambourg described the groups' enhanced relationship "a natural development based on our mutual trust" and Weiser as "a first-rate firm with an excellent reputation in the New York market".
He added Mazars' clients will benefit from the formal combining of our services in the US market."
Mazars has a team of 30 professionals in Malta, based in offices in Attard.