ZEDRA announces the acquisition of Interconsult
22 December 2016
ZEDRA announces that it has agreed to acquire Interconsult, Luxembourg International Consulting S.A (’Interconsult’) in Luxembourg. The acquisition is subject to regulatory approval. Terms were not disclosed.
This latest acquisition comes at the end of a year which saw ZEDRA grow rapidly, and further strengthens ZEDRA’s global presence in Europe and is a key move as Luxembourg remains a strategic place in the industry.
The Luxembourg office will provide a platform for trust, corporate and fund services and structuring opportunities.
Interconsult was established in 1992 and as such one of the oldest corporate trust service firms in Luxembourg and is located in the centre of Luxembourg City. A founder member of Luxembourg International Management Services Association asbl, Interconsult is an internationally renowned service provider, providing corporate, administrative and fiduciary services to both corporate and private clients. Interconsult is alsoa member of Luxembourg Private Equity & Venture Capital Association asbl, a non-profit association created in 2010 to represent, promote and protect the interests of the Luxembourg private equity and venture capital industry.
Interconsult will be fully integrated into ZEDRA’s growing network of offices. The acquisition will increase ZEDRA’s size to nearly 380 staff worldwide.
“As we grow our offices and develop our operations, we need to be where our clients want to do business,” says Niels Nielsen, Group Chief Executive Officer, ZEDRA, “Luxembourg is that place and therefore constitutes a natural extension for us. It will be a key part of our global network and an important hub for us to provide trust, corporate and fund trust services to our clients, irrespective of their domicile.”