Mazars merges with Chinese audit firm ZhongShen ZhongHuan
Professional services firm Mazars announced today that it completed a merger with Chinese audit firm ZhongShen ZhongHuan in December last year.
The newly-merged firm will operate in 77 countries, including 15 offices with 1,800 professionals in mainland China that were originally run by ZhongShen ZhongHuan.
Mazars, which has had a presence in China for almost two decades, believes the merger will allow it to strengthen the firm's reach in the territory.
The move is the latest in a string of international mergers for Mazars, having joined with firms from Germany, Australia, Mozambique and Cyprus during 2015.
"After the integration of an important German structure in 2015, this operation in China is not only a significant boost to Mazars' presence and capacities, but also an undertaking for additional development within one of the world's leading economies," said Philippe Castagnac, chairman of the executive board and chief executive of Mazars.
Mr Huang, chairman of the board of ZhongShen ZhongHuan, added: "If we look ahead, the merger between Mazars in China and ZhongShen ZhongHuan is only the beginning. The unique partnership model is attracting more organisations and teams, which is bringing about more development projects in 2016."