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Financial administration
An accurate financial administration provides you with the information you need to take the right decisions. The big advantage of a digital financial administration is that it provides insight into your most important financial processes at any time, whether this is the invoices, salary payments or bank changes.
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Financial insight
You want to take the right decisions, based on trustworthy and clear management information. You want to have access to all your financial data, 24/7, in order to determine your position and be able to adjust where necessary.
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Global compliance partnering
Outsourced compliance services comprises the total financial compliance of your business, in accounting, financial reporting, payroll, legal and various tax reporting obligations. We can make sure you don’t have to worry.
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Business risk services
Minimize risk, maximize predictability, and execution Good insights help you look further ahead and adapt faster. Whether you require outsourced or co-procured internal audit services and expertise to address a specific technology, cyber or regulatory challenge, we provide a turnkey and reliable solution.
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Corporate finance
Finding a suitable match at the most optimum terms. That, in a nutshell, aptly describes the objective of mergers and acquisitions. To most businesses mergers or acquisitions are not standard daily practice. It is, however, for the professionals at Grant Thornton! Seeking their services will add value instantly.
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Cyber risk services
What should I be doing first if my data has been kidnapped? Have I taken the right precautions for protecting my data or am I putting too much effort into just one of the risks? And how do I quickly detect intruders on my network? Good questions! We help you to answer these questions.
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Impact House
Building sustainability and social impact. That sounds good. But how do you go about it in the complex world of stakeholders, regulations and frameworks and changing demands from clients and society? How do you deal with important issues such as climate change and biodiversity loss?
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Transaction services
What will the net proceeds be after the sale? How do I optimise the selling price of my business or the price of one of my business activities? How do I capitalise on synergies following an acquisition? Am I not offering too much? These are all good questions when you’re buying or selling a business. It’s a transaction that concerns significant amounts, impacts your future, and therefore must be executed properly. We provide a solid foundation for your decisions.
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Valuation, investigation & dispute services
Do you require a fact finding investigation to help assess irregularities? Is it necessary to ascertain facts for litigation purposes?
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Auditing of annual accounts
You are answerable to others, such as shareholders and other stakeholders, with regard to your financial affairs. Financial information must therefore be reliable. What is more, you want to know how far you are progressing towards achieving your goals and what risks may apply.
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IFRS services
Financial reporting in accordance with IFRS is a complex matter. Nowadays, an increasing number of international companies are becoming aware of the rules. But how do you apply them in practice?
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ISAE & SOC Reporting
Our ISAE & SOC Reporting services provide independent and objective reports on the design, implementation and operational effectiveness of controls at service organizations.
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Pre-audit services
Pre-audit services is all about making the company’s entire financial administration ready for checking before the external accountant begins his/her audit of the annual accounts.
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SOx law implementation
The SOx legislation dictates that management is structurally accountable for reporting on the internal control relevant to the financial statements.
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International corporate tax
The Netherlands’ tax regime is highly dynamic. Rules and the administrative courts raise new challenges in fiscal considerations on a nearly daily basis, both nationally and internationally.
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VAT advice
VAT is an exceptionally thorny issue, especially in major national and international activities. Filing cross-border returns, registering or making payments requires specialised knowledge. It is crucial to keep that knowledge up-to-date in order to respond to the dynamics of national and international legislation and regulation.
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Customs
Importing/exporting goods to or from the European Union involves navigating complicated customs formalities. Failure to comply with these requirements usually results in delays. In addition, an excessively high rate of taxation or customs valuation for imports can cost you money.
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HR services
Do your employees determine the success and growth of your organisation? And are you in need of specialists which you can ask your Human Resources (HR) related questions? Human Resources (HR) related questions? Our HR specialists will assist you in the areas of personnel and payroll administration, labour law and taxation relating to your personnel. We provide you with high-quality personnel and payroll administration, good HR guidance and the right (international) advice as standard. All this, of course, with a focus on the human dimension.
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Innovation & grants
Anyone who runs their own business sets themselves apart from the rest. Anyone who dares stick their neck out distinguishes themselves even more. That can be rather lucrative.
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Tax technology
Driven by tax technology, we help you with your (most important) tax risks. Identify and manage your risks and become in control!
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Transfer pricing
The increased attention for transfer pricing places greater demands on the internal organisation and on reporting.
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Sustainable tax
In this rapidly changing world, it is increasingly important to consider environmental impact (in accordance with ESG), instead of limiting considerations to financial incentives. Multinational companies should review and potentially reconsider their tax strategy due to the constantly evolving social standards
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Pillar Two
On 1 January 2024 the European Union will introduce a new tax law named “Pillar Two”. These new regulations will be applicable to groups with a turnover of more than EUR 750 million.
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Cryptocurrency and digital assets
In the past decade, the utilization of blockchain and its adoption of a distributed ledger have proven their capacity to revolutionize the financial sector, inspiring numerous initiatives from businesses and entrepreneurs.
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Expand into new markets
Do you seek for opportunities in the global business arena? Whether you are about to open a new office in a foreign country or considering an international acquisition, you need certainty of making the right choices for your company. Global expansion isn’t always as simple as it sounds. The good thing is that we’re here to help!
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Expanding your business in the Netherlands
International expansion is an important step. The Netherlands can be your gateway to Europe for doing business abroad. But why you should choose the Netherlands?
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Global contacts
Wherever you choose to do business, you want access to people with the best ideas and critical thinking that will enable you to grow your business at home and abroad.
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Corporate Law
From the general terms and conditions to the legal strategy, these matters need to be watertight. This provides assurance, and therefore peace of mind and room for growth. We will be pro-active and pragmatic in thinking along with you. We always like to look ahead and go the extra mile.
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Employment Law
Small company or large multinational: in any company your people are of the utmost importance for your business. Employment brings with it many issues in many areas and often has legal consequences. For big strategic, but also for more everyday questions about employment law, our lawyers are ready to help you out. Also for questions about international employment law. Do you have your own HR department? We’ll gladly assist them. We deliver bespoke services and are there when you need us.
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Specialist Areas
Besides our focus on corporate and employment law, we also advise entrepreneurs on a range of (specialist) legal issues. A corporate acquisition, your company administration, complex question in the field of healthcare issues: you have come to the right place.
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Maritime sector
How can you continue to be a global leader? The Netherlands depends on innovation. It is our high-quality knowledge which leads the maritime sector to be of world class.
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Growth in an international network
At Grant Thornton, you will benefit from the expertise and quality of colleagues around the world who will benefit your knowledge, advice and growth.
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Varied customer portfolio
The customer package at Grant Thornton varies from (large) SME customers to (small) corporate customers. From local customers to customers from the international network of Grant Thornton International Ltd. All this diversity in customers can also be recognized in your customer package.
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Culture
At Grant Thornton we combine a solid base with a flexible and results-driven mentality.
In our half-yearly dealtracker updates we analyse mergers and acquisitions for the high tech industry. We highlight the following aspects of this sector from an M&A perspective:
- An overview of the Dutch transactions.
- A description of what is happening in terms of valuations and number of transactions.
- A further analysis in terms of geographies and sub-sectors.
2020 1st half year
COVID-19 lockdown measures affected M&A activity in the European High Tech industry
The global spread of the virus deprived the confidence in the financial markets and led to unseen lockdown measures taken by national governments. In general, M&A deal activity plunged during the first half of 2020 due to the lack of confidence and the way in which deal execution is organised (physical meetings, management presentations, et cetera). We notice that transactions are mainly driven by gaining technological knowledge and expertise. For example, Kardex acquired the in the Netherlands based Robomotive in order to gain access to superior knowledge in the development and implementation of smart robot technologies. Another key transaction driver is the stunning amount of dry powder ($2,3 trillion worldwide).
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2019 2nd half year
Total deal volume in the European High Tech Industry remains high with 606 deals in the second half of 2019
This is in line with the relatively stable average of 600 deals every second half year over the period 2015-2019 and reflects the continuing importance of technology. So far M&A activity in the sector is unaffected by concerns of a potential economic slowdown. This is also reflected by the large amount of cross-border transactions, in which Germany, France and the United Kingdom are the most active buyer countries in Europe. Outside of Europe, the United States has a significant role as well.
The outlook for M&A in the High Tech sector remains strong. Both transaction and trading multiples have increased significantly in 2019 compared to 2018. Transaction multiples have increased from a median of 8,2x EBITDA to 10,6x EBITDA, which shows the increased demand for high tech companies. Furthermore, the increased trading multiples indicate that listed tech companies are valued more highly at this moment.
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2019 2nd quarter
The number of M&A transactions in the Dutch tech sector has stabilized to 16 in the second quarter of 2019. This is comparable to the total number in the first quarter (14). In Europe we see a decline in the number of transactions, but a recovery of the valuations since the end of 2018.
An interesting theme we observe in the M&A activity among Dutch tech companies is sustainability. Out of the 16 transactions at least half have a rationale behind them that relate to sustainability.
We expect this theme to remain a key driver for M&A activity. At the end of 2015 world leaders and governments signed the Paris Agreement on reducing the carbon footprint and big companies worldwide are working on green solutions to reduce CO2 emission.
For listed technology companies in the Netherlands we also observe that the sustainable companies have the highest revenue growth outlook. Fueled by a drive to sustainability companies like Alfen and Sif are expected by annalists to grow their revenues by over 40%
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2019 1st quarter
There continues to be a lot of interest in technology companies. Despite a lower number of transactions in the EU and lower valuations for listed companies in the Netherlands, the outlook for M&A in the technology sector remains strong. Technology is getting further ingrained in our lives and everybody needs tech. This quarter we have seen a number of non-tech companies like McDonalds, Fidelity and Bridgestone make technology acquisitions. As a consequence we see that the EBITDA multiples for technology transactions remain high and are even rising.
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2018 4th quarter
High tech sector remains stable in terms of deal activity
The technology sector is an important sector for M&A. Important motivations for M&A in the technology sector are: acquiring a core technology, supply chain consolidation and general consolidation. In the long-term the outlook for technology driven M&A remains strong, driven by themes like cybersecurity, artificial intelligence and industry 4.0. In the short-term political tensions and, moving in tandem, lower valuations depress deal activity.
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2018 3rd quarter
Dutch high tech sector remains attractive, despite somewhat lower deal volumes
The Netherlands have a strong high tech sector, especially when it comes to semiconductors, sensor technology and high tech systems. Important motivations for M&A in the technology sector are: acquiring a core technology, supply chain consolidation and general consolidation. In the third quarter of 2018 we observe a maturity of the deals related to the food tech and sensortechnology sectors.
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2018 2nd quarter
Dutch high tech sector remains attractive despite somewhat lower deal volumes
The Netherlands has a strong high tech sector, especially when it comes to semiconductors, sensor technology and high-tech systems. Important motivations for M&A in the technology sector are: acquiring a core technology, supply chain consolidation and general consolidation.
Download PDF
2018 1st quarter
Dutch high tech sector remains attractive despite somewhat lower deal volumes
The Netherlands has a strong high tech sector, especially when it comes to semiconductors, sensor technology and high-tech systems. Important motivations for M&A in the technology sector are: acquiring a core technology, supply chain consolidation and general consolidation.
Download PDF
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