Talenom Plc, press release August 9, 2022 at 2:00 p.m. EEST

Talenom grows thanks to an acquisition in Spain

Talenom Plc agreed on August 9, 2022 to acquire the entire share capital of a Spanish accounting firm, Gestoria Teruel SL. The acquired business will be transferred to Talenom on September 5, 2022.

The net revenue transferred to Talenom from the acquired business is approximately €1.0 million per year. In the short term, the acquisition will not have a significant impact on Talenom’s financial situation or future prospects.

The acquisition strengthens Talenom’s position among SMEs in the Barcelona region. The company employs a total of 13 people who will continue to work for Talenom.

“I am very happy that we have been able to complete the acquisition of Gestoria Teruel SL in addition to our previous acquisitions. This is a strong indication of our desire to develop in the Spanish market. I warmly welcome our new collaborators and customers at Talenom,” says Otto-Pekka HuhtalaCEO of 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 Europe.

Further information :

Otto-Pekka Huhtala
CEO, Talenom Plc
+358 40 7038 554
otto-pekka.huhtala@talenom.fi

Talenom is an agile and progressive accounting firm established in 1972. Our business idea is to make everyday life easier for entrepreneurs with the most user-friendly digital tools on the market and highly automated services. In addition to comprehensive accounting services, we support our clients’ businesses with a wide range of expert services, as well as financing, account and payment transaction services. Our vision is to provide superior accounting, account and payment transaction services for SMEs.

Talenom’s growth track record has been solid – average annual net sales growth was 16.2% in 2005-2021. In 2021, Talenom had an average of 1,012 employees in Finland, Sweden and Spain across a total of 52 locations. Talenom’s stock is listed on the Nasdaq Helsinki Main Market. Read more: sijoittajat.talenom.fi/en/