A Finnish Consulting company based in Lahti, Virnex Group Oy, has acquired the entire share capital of Verco Oy from the founding shareholders Juha Berghäll and Janne Kärkkäinen as well as from the company’s personnel. Verco specializes in IT service management, service design, integration, and IT consulting. The company employs 19 people in Helsinki, and its turnover in 2020 was about €2.5MM. Virnex Group and Verco have strong customer and competence synergies. By joining forces, Virnex Group will be able to serve its customers more comprehensively and help companies to digitize their business.
Since its founding in 2010, Verco Oy has become an expert in electronic systems focused on service design.
The company has successfully served its customers in more than 500 service management projects. Verco has about 50 long-term customers, for whom the company offers e.g., ServiceNow, Efecte and ONEio technology consulting and integration services.
“The acquisition is a continuation of Virnex Group’s growth strategy. We can serve our customers even more in the challenges of digitalization. Verco’s excellence combined with the best software products in the industry optimally complements Virnex’s service portfolio. Virnex aims for a turnover of approximately €10 million for the current year with approximately 100 IT professionals,” says Jarkko Multanen, Chairman of the Board of Virnex Group.
“I am very pleased with the acquisition because Virnex provides just the right platform for Verco’s business and staff. Virnex offers Verco’s customers the best possible future by investing in strong growth and cutting-edge technological know-how. I am excited about my new role as a member of the Board of Virnex Group. Virnex is an exceptional company and it is great to be involved in building its growth story,” says Juha Berghäll, Chairman of the Board of Verco.
“Virnex offers a great opportunity to continue Verco’s long-term business development. Virnex’s resources and expertise strengthen Verco’s ability to serve existing customers better and more extensively,” says Hannu Mikkola, CEO of Verco.
“We are very pleased with the deal and would like to extend a warm welcome to all Verco employees as part of Virnex’s great team! Verco’s magnificent story continues with an even bigger pulse. The synergies of the companies open up new opportunities for dozens of new customers in Finland, which accelerates the organic growth of the companies,” says Johan Ekholm, CEO of Virnex Group.
Following the acquisition, Verco will continue to operate normally as part of the Virnex Group. The arrangement does not affect the company’s customer relationships or partnerships.
FOR MORE INFORMATION:
Chairman of the Board Jarkko Multanen, Virnex Group Oy +358 40 7643274, email@example.com
Managing Director Hannu Mikkola, Verco Oy +358 40 5453055, Hannu.firstname.lastname@example.org
Virnex Group Oy is a fast-growing ITC service company, which was founded in 2019 when Accanto Systems Oy’s Finnish operations were transferred to Virnex Oy in an acquisition. The company employs more than 80 ICT consultants in Lahti and Helsinki. The company provides IT consulting, management, planning and implementation of digitization projects. Virnex Group’s Pro Forma net sales will increase to approximately €10MM in 2021 with the acquisition. The main owners of the company are CEO Johan Ekholm, Chairman of the Board Jarkko Multanen and CTO Tom Gustafsson.