WTS Group
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| Company type | AG (public limited company) |
|---|---|
| Industry | tax advisory, financial advisory, legal advice |
| Headquarters | Munich |
Key people | Fritz Esterer, Franz Prinz zu Hohenlohe, Johannes Krabichler, Jürgen Scholz |
| Revenue |  €183.3 Mio. |
Number of employees | 1300 (Germany only) |
| Website | wts.com |
WTS Group is an international consulting group with tax, legal and consulting business units. The company was formed in 2000 by former employees from the central tax department of Siemens. Shortly afterwards a large part of the tax department at Mannesmann also joined.
In order to avoid any conflict of interest, WTS refrains from conducting annual audits. In 2017 WTS Group was, based on sales figures, No. 7 of the largest tax advisory firms in Germany [1] In 2018 Franz Prinz zu Hohenlohe the former head of the international tax service line at KPMG Germany joined the board of WTS AG. [2]
In 2020, the Executive Board was expanded with CFO Johannes Krabichler[3] and Jürgen Scholz.[4]
Financial Advisory
[edit]In 2009 WTS enlarged its service portfolio by offering financial advisory services. In 2017, WTS acquired the Financial Advisory Boutique FAS AG, which is mainly focused on IFRS consulting, to strengthen the consulting portfolio.[5] In October 2021, Kloepfel Corporate Finance joined the FAS AG to strengthen the M&A competencies with Dr Heiko Frank at the lead to drive forward the expansion of its transaction business.[6]
WTS Global
[edit]The WTS Global is a global organization of tax consulting firms and an association under Dutch law (“Vereniging”). The practice was established by WTS Group in 2003. WTS Global operates in about 100 countries worldwide.
In 2017 Wim Wuyts was appointed to the newly created role of CEO.[7] The WTS Global board of directors comprises the following members: Fritz Esterer (Chairman), Benedicta Du-Baladad, Jorge Espinosa, Edward Mwachinga, Bernard Peeters, Ajay Rotti, Michael Ruth, Magdalena Saja, Jurgen Scholz, and Jared Walls.
In 2020, the French law firm, FIDAL, became a member of WTS Global.
Awards
[edit]In 2017, WTS Group was awarded as European Indirect Tax Firm of the Year by International Tax Review and ranked as a Tier 1 network under the category "Tax – Global-wide network" by Chambers & Partners.
In 2018, WTS Group was awarded as German Transfer Pricing Firm of the Year 2018 by International Tax Review.
In 2019, WTS Group was awarded again as WTS Transfer Pricing Firm of the Year Germany.[8]
References
[edit]- ^ Handelsblatt 10.04.2017 Biggest German Tax Advisors in 2016
- ^ International Tax Review 28 March 2018 - Franz Prinz zu Hohenlohe joins WTS Global
- ^ "Neuer CFO: WTS setzt auf nachhaltige Stärkung der Management-Struktur". 10 March 2020.
- ^ "JUVE, 13 July 2020 - Neues Geschäftsjahr: WTS startet mit Schwung – und prominentem Abgang". 13 July 2020.
- ^ Finance Magazin 30 November 2017 - Wie WTS und FAS die Big Four angreifen
- ^ Reifenberger, Sabine (2021-10-01). "M&A-Team von Kloepfel wechselt zu WTS". FINANCE (in German). Retrieved 2021-10-02.
- ^ FD-Magazin 21 August 2017 - Win Wuyts wordt CEO
- ^ "European Tax Awards 2019: The winners". 10 July 2019.