On 1 July 2014, Accountor signed a contract with Aditro Group on Accountor's acquisition of the Aditro subsidiary, Tikon Oy.
Tikon is a market leader in financial management software, with a customer base of over 800 account bureaus and over 300 corporate customers. The acquisition will reinforce Accountor's leading position in Finland's financial management software sector.
– Tikon has an excellent customer base and product and service selection. These are complemented by its highly skilled experts. The resulting package is an excellent fit with Accountor, providing it with a great opportunity to strengthen its leading position in Finland's financial management software sector, comments Asko Schrey, CEO of Accountor.
– Tikon's business has strongly developed its own brand, and the firm has proven its ability to reinvent itself while generating a strong financial return. This creates a good basis for future growth; Tikon needs an owner seeking to focus on the special needs of the SME sector and accountant bureaus, explains Johan Berg, CEO of Aditro. I believe that we have found an owner that will take good care of Tikon's employees and customers. Aditro's strategic goal remains focused on developing its core business areas, Berg concludes.
- This change of ownership will provide Tikon with a strong basis for the continued development of the company and its products and services, as part of Accountor's software business, adds Timo Halonen, CEO of Tikon. In the last year and a half, Tikon has launched major products, including the NetTikon product family, which provides accounting bureaus and their clients with a new way of boosting efficiency, both within the client's firm and in its cooperation with the accounting bureau.
We believe that the acquisition will further enhance our opportunities to develop financial management solutions based on client needs and our expert workforce, Halonen continues.
For further information, please contact:
Asko Schrey, CEO, Accountor, tel. +358 40 500 1655, asko.schrey [at] accountor.fi
Pelle Bourn, CFO, Aditro, tel. +46 733 33 99 90, pelle.bourn [at] aditro.com
Timo Halonen, CEO, Tikon Oy, tel. +358 40 528 0842, timo.halonen [at] tikon.fi
Tikon Software is a practical, intuitive and efficient selection of accountancy tools covering all aspects of financial and payroll management within SMEs, trade unions, associations and foundations. Tikon is a production tool for financial control, while NetTikon provides business customers with the full range of the related eTools.
Tikon employs around 40 financial management and software development experts in Espoo, Tampere and Jyväskylä.