Accounting giant Deloitte is acquiring some of rival PricewaterhouseCoopers’ (PwC) Maldives and Sri Lanka network firms, according to a Deloitte memo seen by Reuters.
Post one of the largest accounting firm acquisition deals in the South Asian region, Deloitte will boast of 28 partners and 800 people.
Both PwC’s Maldives and Sri Lanka firms will join Deloitte with effect from October 28, the memo said.
A Deloitte spokesperson has confirmed the deal but did not disclose financial or other terms.
Deloitte and PwC are part of the global Big 4 accounting giants along with Ernst & Young (EY) and the industry juggernaut KPMG.