Talenom Plc, press release 30 November 2021 at 13:20 EET
Talenom to acquire two auditing firms in Sweden
On November 30, 2021, Talenom Plc has agreed to acquire the entire share capital in two Swedish auditing firms. The companies to be acquired are Kjell Wengbrand Redovisnings AB and MH Konsult Väst AB and they will be transferred to Talenom’s ownership on 11 January 2022.
The annual net sales transferred to Talenom from the acquired companies amount to approximately SEK 32.8 million (EUR 3.3 million; with EUR / SEK exchange rate 10.1898 on November 25, 2021), of which Kjell Wengbrand Redovisnings AB’s share is approximately SEK 9.8 million (EUR 1.0). million) and MH Konsult Väst Ab’s share of approximately SEK 23.0 million (EUR 2.3 million). The transactions will be completed at the beginning of next year and will not affect Talenom’s financial position or prospects for the current year.
The acquisitions will strengthen Talenom’s position in western Sweden. Kjell Wengbrand Redovisnings AB has offices in Ulricehamn and Borås and employs a total of 13 people. MH Konsult Väst AB has offices in Stenungsund and Kungälv and employs a total of 22 people. The employees in both companies will continue to work for Talenom.
Talenom combines software development with expertise in the accounting industry in a unique way. The company’s goal is to grow both organically and through acquisitions in Finland and in Europe.
VD, Talenom Plc
+358 40 703 8554
Talenom is a flexible and progressive accounting firm founded in 1972. Our business concept is to make everyday life easier for entrepreneurs with the market’s simplest digital tools and highly automated services. In addition to comprehensive accounting services, we support our customers’ operations with a wide range of expert services as well as financing and banking services. Our vision is to provide superior accounting and banking services for small and medium-sized businesses.
Talenom’s growth history has been strong – the average annual net sales growth was approximately 15.5% in 2005–2020. At the end of 2020, Talenom had 912 employees in Finland and Sweden in a total of 47 locations. Talenom’s share is listed on Nasdaq Helsinki’s main market. Read more: sijoittajat.talenom.fi/en/