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Administer expands and deepens its Compliance service offering through a corporate acquisition
Administer Plc Inside Information 27 June 2023 at 13:00 EEST
Econia Oy, part of Administer Group, has agreed on an acquisition in which the share capital of Enersense Solutions Oy is transferred from Enersense International Plc to Econia. In connection with the acquisition, the service platform managed by Enersense Solutions Oy, the company’s personnel and customer contracts are transferred to Econia. The purchase price of the share capital is EUR 1,000,001 (one million and one euro). It will be paid partly in cash at the time of the closing, and the remainder will be paid in monthly instalments during the following year. The transaction is financed with Econia’s cash flow and a loan.
Enersense Solutions employs 11 people and owns the E-Sense system used in contractor’s obligation services. The system is transferred to Econia in the acquisition. Enersense will continue as a user of the E-Sense system and as a customer of Econia.
Key figures, Enersense Solutions
|
Key figures, 1,000 euros |
31 December 2022 |
31 December 2021 |
|
Turnover |
755 |
1,170 |
|
Operating profit |
-68 |
68 |
|
Personnel |
13 |
12 |
|
Equity |
22 |
95 |
|
Liabilities |
446 |
586 |
|
Liabilities include a capital loan of EUR 280,700. Enersense Group’s internal invoicing has fluctuated over the years, and this should be taken into consideration in relation to operating profit. |
||
With this acquisition, the Group is investing significantly in the growth and development of its international and Compliance business. Econia provides expert services for ensuring that business activities comply with regulatory requirements and for actively preventing grey economy in Finnish and international investment projects. Econia has a strong position in this market, and this investment improves and expands the market outlook for the services. By acquiring our own service platform, we can provide significantly better and more comprehensive services for preventing grey economy and ensuring regulatory compliance.
We warmly welcome the new Econia employees to the Administer family, says Heimo Alatalo, Director, international and HR services at Econia.
From left to right Business Director, Smart Industry Jaakko Leivo (Enersense International Oyj), Director Arttu Eräpalo (Econia Oy),
Vice President Business Development Sami Lahtinen (Enersense International Oyj), Director Heimo Alatalo (Econia Oy),
CEO Jussi Holopainen (Enersense International Oyj).
Head of Compliance Projects, International Services Mika Linnamäki (Econia Oy) is missing from the picture.
More information:
Heimo Alatalo
Director, international and HR services
Econia Ltd
tel. +358 50 527 9444
heimo.alatalo(a)econia.com
Kimmo Herranen
CEO
Administer Plc
tel. + 358 50 560 6322
kimmo.herranen(a)administer.fi