Visma Labs Riga expands to beyond 150 employees after Finnish deal

On the back of its expansion into Finland's public sector, Visma Labs Riga is expanding beyond 150 employees. To be completed in September 2018, Visma Group and Aditro have signed an agreement whereby Visma acquires 100 percent of the shares of Aditro Public Oy in Finland.
Aditro Public and Visma combined will be a leading provider of Human Resource Management and Financial Management System solutions in the Finnish market. The acquisition includes the public sector HRM solution, Personec HR, as well as the digital Financial Management System, Wintime, and its customer base in the private and public sector.
"Finland is an important market for Visma. This acquisition increases the competitiveness and ability to develop best of breed solutions to new and existing customers. Visma is already a market leader in the public sector market in Norway and Sweden and we are looking forward to strengthening our position in the public sector market in Finland”, Øystein Moan, CEO Visma, says.
Aditro Public Oy’s revenue amounted to 22,7 million euros in 2017 and the company employs 153 professionals in Espoo, Jyväskylä and Tampere. Aditro Public will be named Visma Public Oy and it will become a new business unit in the Enterprise division. Mari Eklund, Managing Director of Aditro Public Oy, will continue as Managing Director of Visma Public Oy.
"The market in Finland is facing a challenging and necessary gradual transition to cloud-based solutions. This acquisition significantly strengthens our focus on offering sustainable solutions to our customers now and in the future. As Visma is sharing Aditro Public’s strategic thoughts, I am confident that the acquisition will lead to increased possibilities for both employees and customers”, says Eklund.
Aditro Public Oy is a professional provider of HR, payroll and financial solutions to the public sector in Finland and financial solutions to the enterprise sector.