Company Announcement No. 09-2020 Copenhagen, October 12th, 2020

Penneo A/S signs its first Big10 customer, VGD, in Belgium. VGD will be Penneo A/S’s second Belgian customer. The new contract is a result of Penneo’s commercial activities in alignment with the strategy to roll out Penneo's platform internationally.Penneo A/S’s Interim CEO Nicolaj Højer Nielsen states: “It is a big milestone for Penneo A/S to get a deal and a strategic partnership with VGD, and we are happy to have VGD on board and to help them automate their client-faced processes across business lines from audit and accounting to tax and advisory. In general, we are very positive regarding future possibilities in the Belgian market, as we get a lot of positive feedback from partners and potential customers”. 

VGD is present in 5 countries and employs around 300 advisors in Belgium alone. VGD is part of Nexia International, a leading global network of independent accounting and consulting firms.