Rantalainen has acquired BDO's Business Services in Norway to strengthen its position in the Nordic financial administration and payroll market.

Information on the Target

RAN Group Oy, trading as Rantalainen, is a prominent player in the Nordic accounting sector. The company, majorly owned by Norvestor VIII SCSp and Norvestor IX SCSp since 2023, has recently enhanced its portfolio by acquiring BDO's Business Services division in Norway. This acquisition involves the establishment of a new entity that will seamlessly integrate into Rantalainen's existing structure. The Business Services unit is recognized as one of Norway's largest providers of accounting, payroll, and related technology services. This strategic acquisition follows Rantalainen's earlier expansion into Norway in 2024 through the purchase of Value Group, underscoring the company's commitment to strengthening its regional presence.

The Business Services unit adds a significant resource base to Rantalainen, featuring around 600 employees and generating annual revenues exceeding NOK 1 billion. Operating as an independent platform within Rantalainen, it will ensure stability for clients and employees, while also adhering to a strategic focus on digitalization, automation, and advisory services, led by the existing management team.

Industry Overview in Norway

The accounting services industry in Norway has experienced steady growth driven by increasing demand for efficiency, digital transformation, and advanced technology solutions. This sector serves a broad array of clients, from small local enterprises to large intern