EY Portugal acquires German consultancy Qiado strengthening operations in Portugal
EY has completed the acquisition of the German consultancy Qiado, enhancing its financial transformation expertise and expanding its Portuguese team with 27 professionals supporting clients across Europe
EY Portugal, in partnership with EY Germany, has signed an agreement to acquire the assets of Qiado GmbH, a German consultancy specialising in digital transformation and financial process optimisation. As a result of the transaction, Qiado’s team has been integrated into EY, leading to a significant reinforcement of EY’s operations in Portugal.
Portugal plays a central role in this acquisition. Out of Qiado’s 40 employees, 27 joined EY Portugal at the beginning of the year, strengthening EY’s European footprint. According to EY Portugal, the integrated team will provide services to clients based in Germany and other European countries, focusing on high value-added competencies. These include financial transformation projects and contract lease management, a critical area for many organisations.
Miguel Farinha, Country Managing Partner of EY Portugal and other Lusophone markets, highlighted that the integration reflects EY’s ongoing investment in financial transformation capabilities amid increasing technical and regulatory demands. Felipe Nogueira Matzke, Managing Director of Qiado and leader of the integrated team, added that the acquisition will enable stronger growth, an expanded services portfolio and broader access to clients across Germany and Western Europe through EY’s global network.
This development follows EY’s recent expansion in Porto with a new office at the ICON Tower, reinforcing the firm’s long-term commitment to strengthening its presence and talent base in Portugal. These strategic moves support EY’s strategy of attracting and retaining specialised talent, while enhancing its capacity to serve both domestic and international clients from the Portuguese market.
