WTS and EQT enter long-term strategic partnership following investment from EQT X
- Editor
- Apr 1
- 1 min read
Whats Happening:
EQT, through its EQT X fund, has become an anchor investor in WTS Group, a leading independent tax advisory firm in Germany. This strategic partnership aims to significantly accelerate WTS's growth both in Germany and internationally, with a focus on expanding digital services and AI capabilities. The deal is expected to close in summer 2025, subject to regulatory approvals.
Key Moves:
EQT X fund becomes anchor investor in WTS Group
Partnership aims to accelerate WTS's growth in Germany and internationally
Focus on increasing investments in digital services and AI
By The Numbers:
WTS has 14 locations in Germany
WTS employs over 1,500 people
WTS's annual revenue is around EUR 250 million
Key Quotes:
"EQT is one of the largest private equity firms in the world. The WTS Executive Board is proud to be working with such a strong partner, who fully supports and shares our vision for the further development of the WTS Group." - Fritz Esterer, CEO of WTS Group
"We have been following the development of WTS very closely for years and we are impressed by the Company's performance and innovation mindset." - Matthias Wittkowski, Partner and Global Co-Head Services at EQT
Bottom Line:
The strategic partnership between EQT and WTS Group represents a significant move in the tax advisory industry. With EQT's investment and expertise, WTS aims to become a leading European tax advisory firm, focusing on expansion, digital innovation, and AI integration. This deal highlights the growing importance of technology in professional services and EQT's strategy to invest in market-leading firms with strong growth potential.
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