Visma makes a significant investment in the Finnish receivable management market through the acquisition of Pappila Penkkala Group (PPG). PPG specializes in order-to-cash (OtC) outsourcing, optimizing the cash flow of its clients’.
Lion’s share of PPG’s revenue comes from the OtC outsourcing and the rest from the corollary services, such as legal and accounting services. PPG has grown rapidly in the last few years but owing to its highly automated receivable management process it is tuned for even steeper growth curve.
“Joining the Visma family is a natural phase in PPG’s growth strategy. Both companies share a common, extremely hungry corporate culture. This acquisition brings great possibilities to enter new market areas and to reach larger client segments”, says the CEO of PPG, Matias Mäenpää.
Synergos and Translink Corporate Finance acted as advisors for the shareholders of PPG.