Vitec acquires the finnish software company ALMA Consulting Oy

ALMA Consulting develops and delivers information management software for the processing industry and energy companies in Finland. The products enable companies to streamline and plan their production supporting processes. The company currently has about 100 customers. The company reported sales of SEK 31.6 million, with an adjusted EBITDA of SEK 7.9 million for the 2019 fiscal year. ALMA Consulting was founded in 1986 by Matti Nissilä and Kalervo Tervola. Juha Nissilä, CEO, is the son of one of the founders. The company has operations in Kokkola, Raahe and Helsinki.

“ALMA Consulting is a well-managed and profitable company that offers high quality products with a focus on customer benefit. The operation is a good fit with our business model and corporate culture. We acquire companies to retain them in the Group, which is why we are always careful with our acquisition criteria. Today we would like to warmly welcome some 20 new employees to the Group”, says Lars Stenlund, CEO of Vitec Software Group.

“It feels great to have Vitec as the new owner of the company. Their extensive experience and broad expertise in niche software enables them to really understand our operations. Our customers appreciate a long-term owner who is committed to developing the business. I look forward to continuing to grow with the company here in Finland together with our devoted personnel and Vitec”, says Juha Nissilä, CEO.

Vitec is market leader for Vertical Market Software in the Nordic region. They develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Their 750 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1 156 million in 2019.

IMAP advised Vitec throughout the acquisition process.