Visma Group acquires Aditro Public in Finland
Wednesday, August 8, 2018
August 8, 2018
Visma Group and Aditro have signed an agreement whereby Visma acquires 100 percent of the shares of Aditro Public Oy in Finland. The acquisition has been approved by the Finnish Competition and Consumer Authority and will be completed during September.
Aditro Public and Visma combined will be a leading provider of Human Resource Management and Financial Management System solutions in the Finnish market. The acquisition includes the public sector HRM solution, Personec HR, as well as the digital Financial Management System, Wintime, and its customer base in the private and public sector.
Customers in the public and private sector will benefit from the joint innovation capacity and agility that help them improve efficiency and develop their organisations.
"Finland is an important market for Visma. This acquisition increases the competitiveness and ability to develop best of breed solutions to new and existing customers. Visma is already a market leader in the public sector market in Norway and Sweden and we are looking forward to strengthening our position in the public sector market in Finland”, Øystein Moan, CEO Visma, says.
Aditro Public Oy’s revenue amounted to 22,7 million euros in 2017 and the company employs 153 professionals in Espoo, Jyväskylä and Tampere.
Aditro Public will be named Visma Public Oy and it will become a new business unit in the Enterprise division. Mari Eklund, Managing Director of Aditro Public Oy, will continue as Managing Director of Visma Public Oy.
"The market in Finland is facing a challenging and necessary gradual transition to cloud-based solutions. This acquisition significantly strengthens our focus on offering sustainable solutions to our customers now and in the future. As Visma is sharing Aditro Public’s strategic thoughts, I am confident that the acquisition will lead to increased possibilities for both employees and customers”, says Eklund.
The Finnish Competition and Consumer Authority has approved the acquisition and it will be completed during September. Details regarding the transaction will not be disclosed.
For more information, please contact:
Øystein Moan, CEO Visma Group, +47 92 08 00 00
Mari Eklund, Managing Director, Aditro Public Oy, +358 40 837 5982
About Aditro Public Oy
Aditro Public Oy is a professional provider of HR, payroll and financial solutions to the public sector in Finland and financial solutions to the enterprise sector. In our long, extensive history of co-creating with our customers, we have gained a deep and wide expertise.