Administer Oyj

Administer strengthens its business in Varkaus by acquiring the accounting business of Varkauden Educa

Administer Plc Press release 10 May 2023 at 8:30

Administer Plc and Varkauden Educa Oy have agreed on an acquisition whereby Administer will acquire Varkauden Educa Oy’s accounting business. Administer already has its own accounting and payroll management office in Varkaus, which was acquired last year. The new acquisition strengthens the company’s regional operations.

Administer aims to serve customers as locally as possible, employ people in Finland and expand both nationally and internationally. With this new acquisition, Administer continues to implement its growth strategy. A total of nine acquisitions were carried out during 2022, and this is the second acquisition in 2023.

“We will continue to implement Administer’s growth strategy. In addition to digitality, local operations and regional expertise are among our Group’s core competence. The Varkaus region is a significant economic area, and with this acquisition, we are able to increase the regional market potential”, says Kimmo Herranen, CEO of Administer Group.

“The acquisition provides for good synergy. It allows us to offer our customers more comprehensive services while still remaining local and close to the customer. With the acquisition, we can ensure the continuity of our accounting business”, says Kirsti Tamminen, founder and owner of Varkauden Educa Oy.

Further information:

Kimmo Herranen
Administer Group
Tel. +358 (0)50 560 6322
e-mail address:

Kirsti Tamminen
Varkauden Educa Oy
Tel. +358 (0)40 564 3333

Varkauden Educa Oy
Varkauden Educa Oy specialises in accounting services, electronic financial management system implementation services, as well as financial manager and personnel management services.

About Administer Oyj

Administer Oyj
Administer Oyj
Itämerenkatu 5
00180 Helsinki

Administer Group, founded in 1985, is a Finnish company that offers financial and payroll management services, consulting and software services, staffing and recruitment services as well as compliance and advisory services. Our customers include organisations of all sizes, from small and mid-sized companies to large enterprises and municipalities. Our goal is to reform the financial management service market by developing new technologies and solutions. Measured in revenue, we are one of the largest providers of financial management services and HR and payroll services in Finland. In 2022, our revenue was EUR 53 million and we employed over 700 financial management professionals.