TMF Group acquires Hungaryʼs UCMS Group
Professional services firm TMF Group, has acquired Hungary-based UCMS Group, one of Central Eastern Europe’s most established independent payroll, HR and accounting providers, according to a press release issued today.
The acquisition is in line with TMF Group’s strategic focus to provide multi-country corporate services and through the acquisition the firm it will enhance its existing operations in CEE, particularly in Hungary, which is UCMS Group’s strongest market, the press release said.
UCMS Group’s CEO Béla Kakuk, will remain with the company once the acquisition is complete. UCMS currently has offices in Hungary, Poland and Romania and was founded in Budapest in 2006, the press release added.
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