Alexander Beard International Benefits Division announces merger with Bogaard Pensioen Consultancy BV to form new company
by Alexander Beard, on Dec 22, 2014 4:53:28 AM
Alexander Beard are delighted to formally confirm the merger of our international benefits division with Netherlands-based Bogaard Pensioen Consultancy BV, into a new company named Alexander Beard International Benefits BV (ABIB).
The newly merged business can report current revenues of €1 million per year. For regulatory reasons, the business will be registered within the Netherlands, though the operations currently based at our Chester office will remain where they are.
The merger with Bogaard Pensioen Consultancy gives us access to their range of specialist pensions knowledge, as well as expanding our profile into the European market. ABIB will continue to focus upon providing high quality employee benefit services, mainly to US based companies with operations in the UK and continental Europe, as well as serving domestic markets in both the UK and Europe. Over the next 6 months, ABG will roll out its StaffChoice flex portal to Bogaard’s Dutch based clients.
A family run business, Bogaard Pensioen Consultancy’s Max and Bram Bogaard will remain in place to head up the European operation.
Speaking about the merger, Alexander Beard Group Chairman, Paul Beard, stated:
‘It has been my pleasure to have known Max and Bram Bogaard for some years now and we have been discussing the tie up for nearly 12 months.’
‘Whilst we have a number of international clients whose employees we serve in the UK and Bogaard’s serve in the Netherlands and Belgium, this move gives the ABG brand, as a whole, a new presence in mainland Europe as well as increasing our combined offering both to existing clients as well as strengthening our proposition in an increasingly competitive market and we believe will be well received by our established U.S. network of professional connections who refer work to us.’