OpusCapita, a specialist in streamlining financial processes, has acquired the Norwegian based financial accounting outsourcing company Norian Group. Norian has eight locations in Norway and employs 160 people in Norway, Sweden and Lithuania.
The acquisition makes OpusCapita one of the major financial accounting service providers in Norway, and a major player in financial accounting outsourcing. In addition, the acquisition further improves OpusCapita's capabilities in providing services for small and medium-sized customers.
"Norian is an exciting and modern accounting company that explores technology and has a nearshoring operating model. This fits well with OpusCapita's strategic vision and will strengthen our expertise in this area," says Heikki Länsisyrjä, CEO, OpusCapita."There is a lot of synergy with our products, services and existing clientele. In addition, OpusCapita will expand its customer base by 1,400 new customers."
The acquisition is aimed at setting new standards for financial processes. OpusCapita, with operations in nine European countries, has a strong vision and competence in providing financial processes for its customers, either outsourced or as a service. Norion Group has worked towards redefining accounting by creating a new, unique value offering particularly for small and medium-sized businesses.
"Norian has grown rapidly in recent years. This acquisition by OpusCapita will allow us to tap into more resources and therefore to continue building secure and solid future growth," says Knut Anders Opstad, CEO, Norian Group.
OpusCapita sets a new standard for financial processes. With 2,100 passionate professionals, we focus on Purchase-to-Pay and Order-to-Cash processes where we combine software, outsourcing and services with a delivery model that offers the best value for our customers. We have operations in nine countries and vast experience accumulated with over 10,000 customers, with end-users in more than 50 countries. In 2013, OpusCapita's net sales totaled EUR 263 million. OpusCapita is part of Itella Group and has its head office in Finland. www.opuscapita.com.