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Talenom acquires a Spanish accounting company Advisoria Advocats I Economistes

Written by Customer Service on . Posted in Public Companies.

Talenom Plc, Press release 30 June 2023 at 12:30 EEST

Talenom acquires a Spanish accounting company Advisoria Advocats I Economistes

Talenom Plc has agreed to acquire the entire share capital of Advisoria Advocats I Economistes S.l.p., an accounting company operating in Barcelona, Spain. The acquired company will be transferred to Talenom on 1 July 2023. Advisoria Advocats I Economistes provides accounting, tax and other advisory services mainly to SMEs in the region.

The net sales transferred to Talenom from the acquired company is some EUR 1.9 million annually. The company employs a total of 28 persons who will continue to work for Talenom. In the short term, the acquisition will not have any significant impact on Talenom’s financial position or future outlook.

Talenom combines software development with expertise in the accounting industry in a unique way. The aim of the company is to grow both organically and through acquisitions in Finland and in Europe.

Further information:
Otto-Pekka Huhtala
CEO, Talenom Plc
+358 40 703 8554
otto-pekka.huhtala@talenom.fi

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

Talenom’s growth history is strong – average annual net sales growth was approximately 17% between 2005 and 2022. In 2022, Talenom’s net sales was some EUR 102 million and the company has more than 1,300 employees in Finland, Sweden, Spain and Italy at the end of the year. Talenom’s share is quoted on the Main Market of Nasdaq Helsinki. Read more: investors.talenom.com/en

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