Rantalainen Group continues its Nordic expansion acquiring Value Group AS, one of the leading accounting, technology and HR services providers in Norway.
Value Group has its headquarters in Oslo and six other locations in Norway, a turnover above 15 million euros and 180 employees. Rantalainen Group becomes the new majority shareholder while the management and key employees of Value Group will also re-invest into Rantalainen Group. Value will continue its operations in Norway with the same management, team and under its own brand.
With its seven offices Value has a strong presence in the Eastern and Southern regions of Norway and is continuously growing both organically and through strategic acquisitions. This transaction supports both Rantalainen Group’s and Value Group’s growth strategies.
“Being part of a larger Nordic player provides us with an even stronger foundation and gives us as a group more opportunities for future growth, especially in a time of rapid technological changes. We will have more resources to stay at the forefront. Our focus will remain on creating the best customer experience in the industry and to keep delivering high-quality services to our clients, while also exploring new ways to expand our service offering,” says Martin Vikesland, CEO of Value Group.
Rantalainen Group is already well-established in the Nordics through Rantalainen in Finland, Klara Consulting and Win-Win Ekonomi in Sweden, and now, Value Group in Norway.
“Expanding into the Norwegian market is a natural next step to our Nordic expansion and Value Group is an excellent addition to our fast-growing Rantalainen Group. Our Nordic collaboration enables us to share valuable expertise within the Group and further grow our know-how and utilization of automatization, digitalization and AI. This this way we can offer the best accounting and payroll services in the Nordic countries, which is our mission.” says Jukka Rosenberg, CEO of Rantalainen Group.
“We are delighted to join forces with Value Group as an important step of our strategy to build Rantalainen Group into a leading Nordic outsourced accounting, payroll and advisory services provider. Under the stewardship of a very good team, Value Group has become one of the fastest growing accounting services providers in Norway with a strong position especially within smaller, fast-growing customers”, says Marika af Enehjelm, Chairman of the Board of Rantalainen and Partner at Norvestor.
For further information and inquiries:
Martin Vikesland, CEO, Value Group, phone +47 41472774 and email mv@vacc.no
Jukka Rosenberg, CEO, Rantalainen Group, phone +358 50 311 2194, and email jukka.rosenberg@rantalainen.fi
Marika af Enehjelm, Partner, Norvestor, phone +358 40 553 6934, and email marika.af.enehjelm@norvestor.com
Value Group is a fast-growing player in the Norwegian accounting, payroll and advisory business. The group was established in 2015 and has grown by an average of more than 25% per year since 2016. Value will in 2024 reach 200 M NOK in revenue and has 180 employees. Value Group has offices in Oslo, Drammen, Porsgrunn, Kragerø, Lillesand, Kristiansand and Bergen. More information at valuegroup.no
Rantalainen Group is the leading Nordic accounting group. Rantalainen Group consists of Rantalainen in Finland, Ålands Företagsbyrå in Åland and Klara Consulting and Win Win Ekonomi in Sweden. The Group employs nearly 2,000 financial and payroll management professionals at a total of more than 70 locations in Finland and Sweden. The Group’s turnover is about EUR 200 million (pro forma 2024). The Group is owned by the Nordic private equity company Norvestor, the Group management and key employees, and Ceder Capital. More information at rantalainen.fi/en
Norvestor is a leading private equity company focused on lower mid-market buyouts in the Nordic region. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 93 platform investments with more than 500 add-on acquisitions, in addition to executing 60 exits, including 16 IPOs. The team comprises 50 professionals, with offices in Oslo, Stockholm, Helsinki, Copenhagen, Berlin, London and Luxembourg. Norvestor funds target growth companies in the Nordic mid-market that have the potential to achieve a leading Nordic or international position, by investing in people, capabilities and initiatives that drive sustainable organic growth, as well as through acquisitions across fragmented industries or geographic expansion. Norvestor currently advises and manages funds with a committed capital of close to EUR 5.2 billion. The current Norvestor portfolio companies employ more than 30,000 people. Read more at www.norvestor.com
