Baker Tilly Belgium and Baker Tilly Netherlands are joining forces to form a single regional platform, creating a leading accountancy, audit and advisory group across Belgium and the Netherlands.
Under the transaction, the shareholders of both firms will combine their interests under a newly established holding company in which they will hold a majority stake.
Inflexion, currently a minority shareholder in Baker Tilly Netherlands, will also take a minority stake in the new platform.
The combined group will generate more than 200 million euros in annual revenue and employ approximately 1,300 professionals. Both firms will continue to operate as members of the global Baker Tilly International network.
According to Olivier Willems, CEO of Baker Tilly Belgium, the transaction represents a natural strategic step: “We are highly entrepreneurial by nature, and that mindset is clearly shared with Baker Tilly Netherlands. We operate from the same values, face similar challenges and pursue the same ambitions. This combination therefore felt like a logical move.”
Strategic focus on AI, digitalisation and cross-border clients
The transaction is intended to create a future-oriented organisation with a strong emphasis on knowledge sharing and joint investments in innovation, artificial intelligence, data analytics and digital transformation.
Baker Tilly Netherlands has been working with Inflexion as a strategic partner since early 2025, bringing both capital and sector expertise to support growth and digital capabilities.
Sander Ruijter, Head of Inflexion Benelux, says the creation of a broader Benelux platform positions the group to further capitalise on opportunities in its core markets. He notes that the combined organisation will be well placed to accelerate growth and pursue selective market consolidation, while offering a more comprehensive service proposition to clients.
Francesca Lagerberg, CEO of Baker Tilly International, highlights that the combination strengthens the firm’s ability to deliver consistent, high-quality services to clients operating across borders, while enabling shared investment in innovative solutions.
Local autonomy and governance preserved
Both firms emphasise that the transaction will not affect their local identity, autonomy or governance structures. Belgian partners and board members will remain in place, ensuring continuity in leadership, culture and client proximity.
The proposed transaction is subject to approval by the Dutch Authority for Consumers and Markets and the Belgian Competition Authority. Baker Tilly Netherlands is also in discussions with the Authority for the Financial Markets.
Completion is expected in March 2026. Financial terms have not been disclosed.
