LONDON, February 10, 2016 /PRNewswire/ --
Vistra Group, one of the world's leading providers of international incorporations, trust, fiduciary and fund administration services, today announced the acquisition of UK-based business expansion specialist, Nortons Group.
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 expanding overseas. Nortons' coordinated international service enables clients to expand their business operations globally in the UK, Europe, Asia-Pacific and LatAm, allowing them to focus on core businesses. They also offer a UK audit practice supporting subsidiaries of MNCs, UK entrepreneurial businesses and a specialist pension fund audit team.
Nortons has 80 in-house professionals based in the UK and California, USA. Additionally, they are supported by NIS Global, an affiliate network of independent accounting and advisory firms elsewhere 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, fast growing business for Vistra. Nortons has the expertise, experienced staff, and 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.
SOURCE Vistra Group