LONDON, February 10, 2016 /PRNewswire/ --
Vistra Group, one of the world's leading corporate service providers of international incorporations, trust, fiduciary and fund administration services, today announced the acquisition of UK-based business expansion services provider Nortons Group ("Nortons").
Founded in 1993, Nortons specialises in working with fast-growing companies providing a full range of accounting, tax, HR and payroll services. A significant part of their work supports US headquartered technology and life sciences businesses as they set up overseas. Whether in the UK, Europe, Asia-Pacific or LatAm, Nortons' coordinated international service offering and expert guidance gives their clients the confidence to expand their business operations globally, allowing them to focus on their core business. They also have a strong UK audit practice supporting subsidiaries of MNCs, UK entrepreneurial businesses and also a specialist pension fund audit team.
Nortons has a staff of 80 in-house professionals based in their main offices in the UK and California, USA. Additionally, they are supported by NIS Global, an extensive affiliate network of independent accounting and advisory firms in other countries where Nortons do not have a physical presence.
The Nortons team, led by Andrew Norton and Pete Doyle, is joining the Vistra Group to boost their existing range of services and benefit from Vistra's global reach.
Commenting on the acquisition, Martin Crawford, CEO of Vistra Group, said: "Offering support services to companies moving abroad is a core business for Vistra and of growing importance. Nortons has the expertise, the experienced staff, and the network to add significant value to this service line. We are very proud to welcome Andrew Norton, Pete Doyle, and their colleagues to our international team and look forward to expanding our global reach with their experience and leadership."
Andrew Norton, Co-founder and Managing Partner of Nortons, added: "This tie-up with Vistra gives us the resources we need to expand fast in a focused manner. One of the most important things for our clients is to have truly global access, and as part of the Vistra family we will have a fantastic position to offer them more on-the-ground support in a number of countries. In addition, Vistra offers a range of related services our clients could benefit from and our team will have enhanced career opportunities within the broader group."
The acquisition of Nortons is expected to complete by the end of February and will take the combined headcount of the Vistra Group, inclusive of the soon-to-be-merged Orangefield Group, to over 2,200 staff in 39 countries.
About Vistra Group
Ranked in the top three corporate service providers globally, Vistra Group is a versatile group of professionals, providing a uniquely broad range of services and solutions. Our capabilities span across company formations to trust, fiduciary and fund administration services. The Group employs over 2,200 employees in 58 offices across 39 jurisdictions.
Nortons is a firm of Chartered Accountants and international business advisors providing a full range of services for international companies. Founded in 1993 by Andrew Norton and Pete Doyle, Nortons has 80 employees across its offices in Reading, UK, and Redwood City, California.
Nortons works with its affiliate network, NIS Global, an international association of independent accounting and advisory firms active in over 25 countries, to provide flexible full service management solutions including global accounting, payroll and HR support.
SOURCE Vistra Group