Administer Oyj

Administer’s acquisition of WaBuCo Financial Services is finalised

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Administer Plc - Press release 29 March 2022 at 09:00 a.m. (Finnish time)

Administer Plc (“Administer”) has today on 29 March 2022 finalised its acquisition of WaBuCo Financial Services Oy. Administer announced on 8 March 2022 that it would acquire WaBuCo, which provides high-quality financial and payroll management and internal reporting services.

“I am very satisfied that the WaBuCo acquisition has now been finalised. The acquisition supports Administer’s strategy, according to which we seek a significant share in financial and payroll management services and consulting in Finland, very well. In addition, we strive to expand our international business. The acquisition of WaBuCo supports us in achieving all these targets in an excellent way,” says Peter Aho, CEO of Administer Group.

“Wabuco has operated in an entrepreneur-led manner, with entrepreneurship at its core, for more than 30 years. It is great to be able to continue this work with the Administer team, which shares the same values. We are happy to bring into the team our experience in international operations,” says Thomas Wahlström, CEO of WaBuCo.

International expert in financial and payroll management

WaBuCo is an accounting firm founded in 1988, based in Helsinki. The company offers high-quality financial and payroll management and internal reporting services. Its extensive service offering includes accounting, financial statements, invoicing, taxation as well as HR management services. The company specialises in helping Finnish companies operate more efficiently in international markets and in supporting international companies launch operations in Finland.

More information

Kati Lehesmaa
Director of Marketing and Communications
Tel. +358 50 598 4650
kati.lehesmaa@administer.fi

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 as well as consulting and software 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 2020, our revenue was EUR 44 million and we employed approximately 600 financial management professionals.

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