Two Tauranga accounting firms have joined forces with KPMG's acquisition of Frasers Limited this week.

KPMG, who has five offices across New Zealand including in Tauranga, purchased Frasers for an undisclosed sum on Tuesday.

From January 1, 2013 Frasers will no longer exist and will operate as part of KPMG Tauranga.

Frasers owner Graeme Fraser says the firm's clients will benefit from the increased resources available through the KPMG network 'while preserving the special relationship with the Frasers' team”.

KPMG says the merger is part of its growth strategy and shows their "willingness to expand" in the region, while giving Frasers "access to specialist tax and audit services".

KPMG office managing partner Glenn Keaney says 'we are very complementary in many areas, people, culture, clients, and our strategy for the future”.