When the deal is finalised, the acquired business will be renamed KPMG Crimsonwing and will be jointly owned by KPMG’s firms in the UK, Netherlands and Malta.

Crimsonwing’s founder, David Walsh, will be chief executive of KPMG Crimsonwing which will combine KPMG’s current Microsoft Dynamics teams in the UK and Netherlands with Crimsonwing to create an overall team of approximately 350 people.

The firm said the acquisition would make KPMG the largest Big Four provider of Microsoft Dynamics consulting and implementation services in Europe, and the combined entity has the goal of more than doubling in size over three years. 

Founded in 1996, Crimsonwing provides industry-specific business, mobile and cloud solutions for international clients related to Microsoft Dynamics and e-Commerce. The consultancy has developed market leading software for industries such as print management and property lease management and for membership organisations.

 Richard Fleming, head of KPMG Advisory in the UK, said: ‘Today’s announcement represents a significant step in the growth of our advisory practice. The deal will help us build both onshore and Maltese near-shore capabilities, making us more accessible to European-based clients. 

'Combining Crimsonwing with our own Dynamics consulting team will strengthen and cement KPMG’s position as a leading business partner of Microsoft.’

The proposed acquisition follows KPMG’s other recent moves to acquire the acquisition of Safira, a provider of business process management solutions, and Cynergy Systems, a digital and mobile specialist.