Baker Tilly South East Europe has announced the completion of its merger with MHA, a firm listed on the London Stock Exchange’s AIM market. The agreement, valued at €24 million, was finalized on August 11, 2025, marking a new chapter of growth and international expansion for the company.
A Strategic Move with Long-Term Vision
The merger, first announced last May, is part of a broader strategic plan aimed at strengthening Baker Tilly South East Europe’s market position and expanding its portfolio of high-value services for clients and partners both locally and internationally.
The new entity brings together 2,400 professionals across the network, generating combined revenues exceeding €225 million.
Access to New Resources and Expertise
By joining a global network, the firm gains access to advanced resources in technology, training, and human capital development. This move reinforces the company’s commitment to international growth and its promise to deliver comprehensive, high-level solutions and services to clients worldwide.
Bold Leadership and Continued Expansion
Baker Tilly South East Europe becomes the first firm to merge with a group holding a solid presence on the London Stock Exchange—setting new standards across the world’s top five financial markets. This strategic move sends a strong signal of growth and expansion, rapidly enhancing the company’s footprint in critical sectors of the global economy, including audit, tax, advisory, legal, and corporate services.
A New Era of Growth
BTSEE CEO Marios A. Klitou, highlighted the significance of the merger:
“With the completion of this merger, Baker Tilly South East Europe enters a new era. We remain committed to creating value for our clients, investing in our people, and pursuing strategic growth at both regional and international levels. Very soon, we will be making further announcements regarding the expansion of our services and physical presence in Cyprus and Greece.”
MHA CEO Rakesh Shaunak stated:
“As we highlighted during our recent listing on the stock exchange, strategic partnerships form a central pillar of our medium-term growth strategy. The completion of the merger with Baker Tilly South East Europe is a pivotal step in strengthening MHA’s presence in continental Europe. I am delighted to welcome our new colleagues to the MHA family.”
Laying the Foundations for the Future
This strategic step solidifies Baker Tilly South East Europe’s position in leading markets and paves the way for future growth. The agreement sets the foundation for ongoing development and the expansion of high-value services on an international scale.
