Talenom Plc, Press release 30 November 2023 at 16:00 EET

Talenom acquires a Spanish accounting company Novak Digital Solutions

Talenom Plc has agreed to acquire the entire share capital of Novak Digital Solutions S.l., an accounting company operating in Vitoria-Gasteiz in the Basque Country of Northern Spain. The acquired company will be transferred to Talenom on 1 December 2023. Novak Digital Solutions provides accounting, payroll, tax and other advisory services mainly to SMEs in the region.

The net sales transferred to Talenom from the acquired company is some EUR 0.5 million annually. The company employs a total of nine 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