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Administer’s largest acquisition ever – Sarastia’s municipal customer business becomes part of the group
Administer Group and Numera Palvelut Oy have signed a letter of intent to acquire the financial, payroll and software services business of Sarastia’s (Numera Palvelut Oy) municipal customers. The actual agreement on the transaction is scheduled to be signed by the end of June 2025. The completion of the acquisition requires the approval of Numera Palvelut’s general meeting and the competition authority, and the acquisition is estimated to be confirmed in early autumn.
The acquisition will be completed in two instalments. In the first phase, Administer will acquire Sarastia’s municipal customer business on behalf of its new subsidiary to be established. In the first phase, Administer will own 80% and Numera Palvelut 20% of the new company. In the new company, business will continue under the Sarastia brand.
The purchase price in the first phase is EUR 5 million, one-half of which will be paid in cash and one-half in new Administer shares. The second phase of the acquisition will be completed in two instalments by summer 2029, when the remaining 20% of the ownership of the new company will be transferred to Administer at fair price on a predetermined valuation basis.
The value of the transferred turnover is approximately EUR 35 million, and the number of employees is approximately 350. Municipal finance and payroll services account for the most significant part of the turnover, in addition to which the business is supported by the sale of software services. The customer base includes more than 100 cities and municipalities, from large to small.
The acquisition is the largest in turnover in Administer’s history and will significantly strengthen the group’s competitiveness in the long term. The acquisition will strengthen the financial and payroll management services as well as software services in Administer Group and the company will become Finland’s leading provider in this segment in the municipal sector.
Numera Palvelut Oy (Sarastia) is a financial management service centre authorised by Taloushallintoliitto, with expert knowledge of the needs and processes of public entities. Sarastia produces high-quality financial services and payroll services in a cost-effective manner whilst developing its operating methods together with its customers. Sarastia is a stable, national partner and a major operator in its sector. Sarastia is part of the Numera Group, which also includes Tempore, Onvire and Revire. Numera Palvelut has 276 owners. The owners are municipalities, municipal companies and welfare areas. Numera Palvelut: https://sarastia.fi/, Numera Group: www.numera.fi.