Accountor divests its outsourcing business to Aspia
Strategic move enables evolution to pure play software platform, unveiling Finnish and Nordic market leader in financial management and HR SaaS solutions.
Accountor Holding Oy, part of the Accountor Group, is pleased to announce that it has reached an agreement to sell its fully owned subsidiaries comprising the Accountor Outsourcing business to Aspia, the leading provider of technology-enabled accounting, payroll, tax and advisory services in the Nordics.
This strategic sale marks a significant milestone for Accountor Group in strengthening its position as the leading SME and enterprise business cloud software champion in Finland and the Nordic region. Accountor Group provides its customers a full suite of mission-critical financial management and HR solutions, leveraging deep domain expertise, a differentiated product portfolio, industry-leading GenAI capabilities and highly dedicated employees.
With a longstanding history spanning two decades, Accountor Outsourcing has established itself as a trusted partner to businesses across the Nordics. Aspia sees this acquisition as an opportunity to expand its footprint in the Nordic region and reinforce its leading position in Sweden as a forerunner of technology-enabled accounting, payroll, advisory, and tax services. Accountor Outsourcing will allow Aspia to offer a comprehensive range of services, leveraging cutting-edge technology and expertise to meet the evolving needs of clients.
"We are thrilled to welcome Accountor Outsourcing into the Aspia family. 1+1=3 truly applies as these companies combine their strengths to create a dynamic, joint platform for growth and innovation. By combining Aspia's expertise and market-leading position in Sweden with Accountor's extensive experience in Finland and other regions, we become the leading player in the Nordics.” says Ola Gunnarsson, CEO of Aspia. "We are now paving the way in the Nordics and Europe with an optimal combination of people and technology."
Niklas Sonkin, President and CEO of Accountor Group, shares this positive view: “The sale is a testament to Accountor’s strategic focus on optimizing its business portfolio and concentrating on core areas where it can deliver the most value. We believe that Aspia is the perfect home for our outsourcing business, given their reputation for excellence and commitment to client success. We are immensely proud of the journey Accountor Outsourcing has undertaken, and the acquisition by Aspia is a testament to the hard work and dedication of the team.”
Both parties are committed to ensuring a smooth transition for employees, clients, and stakeholders.
The transaction is subject to certain conditions and is expected to be completed within short.
