M&A: ATOZ Tax Advisers Acquires Deveco Sustainability

ATOZ Tax Advisers has acquired Deveco Sustainability, a strategic and operational consulting firm based in Luxembourg. Financial terms of the deal were not disclosed.

This is M&A deal number 159 that Sustainable Tech Partner has covered so far in 2024. See all M&A deals involving sustainability, climate tech and green IT services listed here.

ATOZ, founded in 2004, is based in Senningerberg, Luxembourg. The company had 282 employees listed on LinkedIn as of March 2024. ATOZ focuses on international & corporate tax services, aviation finance, corporate finance and other financial services.

Deveco, founded in 2017, is based in Windhof, Luxembourg. The company specializes in strategic and operational advice for sustainable development and corporate social responsibility. Deveco's concise mission: The firm aims to "guide businesses, organizations, and institutions in the development and implementation of their sustainable development strategies."

Deveco CEO Mike van Kauvenbergh is joining ATOZ as part of the deal.

ATOZ Acquires Deveco Sustainability: Executive Perspectives

In a prepared statement about the acquisition, ATOZ Tax Advisers Managing Partner Keith O’Donnell said: “We are excited to welcome Mike and his staff into the ATOZ family. The Deveco team shares our vision for the future, and fully understands the complexity of the evolving ESG landscape. Our mutual service offering responds to a real client need."

Added van Kauvenbergh: “Joining forces with ATOZ reflects a true reinforcement for both of our businesses. I see that ATOZ and Deveco come from the same entrepreneurial DNA, seeing the possibilities in helping our clients navigate the dense ESG landscape beyond the simple check-list compliance matters.”

ATOZ has M&A experience. For instance, ATOZ Services acquired Fund Solutions SCA in January 2024.