An accounting company listed on the First North marketplace Aalton Group has bought an accounting firm Online Accounting J&K Oy:n business. The business transaction has been concluded today, October 31.
As a result of the agreement, the business operations of Online Accounting J&K, which was founded in 2012, will be transferred tomorrow, November 1, to the Aallon Group’s Southern Finland regional company Aalton Helsinki Oy.
The actual purchase price will be paid in cash, says Aallon Group. The agreement includes a conditional additional purchase price to be paid later, which, when realized, can be paid either in cash or with Aallon Group shares.
Online Accounting J&K’s turnover in the fiscal year ending on April 30, 2024 was around one million euros. The company employs a total of five experts at the time of the transaction. The entire staff will continue in their current positions as part of the Aallon Group.
Due to the timing of the corporate restructuring, Aallon Group estimates that it will only have a small positive effect on the group’s 2024 net sales. The arrangement also has no effect on Aallon Group’s medium- and long-term financial goals.
Source: www.arvopaperi.fi
