The Aider competence house is behind one of the largest acquisitions in the history of the accounting industry. PwCs own accounting firm is now becoming part of Aider, marking a clear shift in a sector characterised by consolidation and digital transformation. – This transaction is visible proof that the accounting industry is truly evolving, says Andreas Vik, CEO of Aider.
Accounting industry undergoing major change
The accounting sector has long been dominated by a large number of small players, despite significant overall revenue. This is now changing. Consolidation and professionalisation are shaping the market, and the acquisition of PwC Accounting is a concrete sign of this development.
– In 2020, the 10 largest players accounted for nearly one third of the total revenue of NOK 18.5 billion. We are now seeing increased demand for larger and more professional accounting environments. This acquisition enables us to meet exactly that need – while also giving us the strength to leverage the growth potential in the market, says Vik.
Aider strengthens its position as a challenger
In recent years, Aider has established itself as a challenger in the accounting market, and this acquisition marks a new milestone.
– Many companies still have internal accounting functions that operate inefficiently and in outdated ways. We see significant opportunities in offering modern, technology driven solutions, says Vik.
