This month, ETL GLOBAL has acquired the majority share in Prague-based V4 Account, a leading provider of accounting services in the Czech Republic, to further expand its business in the country.

V4 Account focuses on comprehensive accounting services, payroll accounting and management reporting, including specialised accounting services for domestic and cross-border M&A processes. Its client base is spread across a wide range of industries, in particular in the areas of trade, industrial production, construction, transport and services.

The entry of the international network ETL GLOBAL brings further growth potential to V4 Account companies. Since ETL GLOBAL has been focusing on automating accounting processes for years, we expect our joint cooperation to increase our efficiency and productivity.” said Michal Jelínek, Partner of V4 Group.

This acquisition is one of the significant steps in expanding our network in the Czech Republic. We share a common vision with Michal Jelínek regarding future opportunities and service offerings for both the SME sector and advisory companies.” says Dr. Christian Gorny, CEO of ETL GLOBAL and board member of ETL Group.

The acquisition significantly strengthens our position in the accounting and payroll consulting market and brings new opportunities for growth. We look forward to working together with V4 Account under the leadership of Michal Jelínek, Lenka Hýblerová and Karla Grossmannová and warmly welcome all new colleagues to the ETL GLOBAL network.” added Robert Jurka, one of ETL GLOBAL’s Master Partners for the Czech Republic.

Welcome to the new colleagues!