Wulff expands with acquisition of new accounting firm.

TLDR:

* Wulff Group Plc has purchased a new accounting and financial management company, Tilitoimisto Raahen Tase Oy, for EUR 2.1 million.

* The acquisition will bring growth to Wulff’s Worklife Services business with an increase of 8 professionals and over 200 customers.

In a recent move, Wulff Group Plc has expanded its operations by acquiring Tilitoimisto Raahen Tase Oy, a long-standing accounting and financial management company located in Pohjois-Pohjanmaa. The purchase price of EUR 2.1 million includes cash, business value, and office space value, with the transaction completed on June 10, 2024.

Elina Rahkonen, CEO of Wulff Group Plc, expressed excitement about the acquisition, highlighting the shared values of both companies in providing quality service to customers. The addition of Raahen Tase will strengthen Wulff’s presence in the accounting and financial management market in Finland.

The CEO of Raahen Tase Oy, Tarja Leino, shared enthusiasm about the acquisition, noting the importance of personal service in enabling client growth. By joining Wulff, Raahen Tase aims to enhance service quality, develop offerings, and attract new customers.

Post-acquisition, Wulff Group’s accounting and financial management services are expected to achieve an annual net sales of around EUR 4 million, with over 40 professionals serving customers nationwide. The transaction is projected to have a positive impact on profitability for the company.

Overall, Wulff Group’s strategic expansion through the acquisition of Tilitoimisto Raahen Tase Oy signals a significant step towards market influence and service excellence in the accounting and financial management sector in Finland.