Baker Tilly España announces strategic merger

22 November, 2024

Baker Tilly España has joined forces with Audalia Nexia, effective immediately. This strategic union significantly expands Baker Tilly España’s presence in Madrid, the heart of Spain's economic activity, and positions the firm for continued growth and innovation.

The newly integrated firm now comprises over 550 professionals operating across eight offices nationwide, with combined annual revenue nearing €60 million. This merger firmly establishes Baker Tilly España as a leading player in Spain’s professional services sector.

Continuing under its three primary divisions — audit, advisory, tax and legal — Baker Tilly España will reinforce its expertise in key sectors including technology, real estate, energy, and not-for-profit. The merger with Audalia Nexia further accelerates the firm’s digital transformation, enabling it to deliver cutting-edge, client-focused solutions tailored to these key industries.

“We are delighted to welcome the team at Audalia to the Baker Tilly network,” said Francesca Lagerberg, CEO of Baker Tilly International.

“This merger is a testament to our shared vision of innovation, growth and excellence, and underscores Baker Tilly España’s unwavering commitment to shaping the future of professional services in Spain while meeting the evolving needs of its clients.”

Francesca Lagerberg
CEO
Baker Tilly International

Speaking on the significance of the merger, Xavier Mercadé, CEO of Baker Tilly España, said: “This marks a decisive strategic step in consolidating our presence in the Spanish market. We’ve achieved the critical mass and positioning we aimed for, particularly in Madrid, where we’ve significantly expanded and added complementary services. Audalia Nexia shares our values and culture, which made this partnership feel right from the very beginning.”

“After 45 years in the market, joining Baker Tilly allows us to become a benchmark for both international and local professional services in Spain,” said Santiago Alió, representing Audalia Nexia. “This decision stems from strategic priorities such as talent retention, investment in technology, and process digitalisation, while providing growth opportunities for our team within a like-minded organisation.”

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