Rantalainen expands its operations into Norway by acquiring the fast-growing accounting and payroll service provider Value Group AS, further solidifying its leadership in the Nordic market.

Target Information

RAN Group Oy, commonly known as Rantalainen, is set to become a major player in the Nordic accounting sector with its latest acquisition of Value Group AS, a dynamic Norwegian provider of accounting, payroll, and HR services. Rantalainen is jointly owned by Norvestor VIII SCSp and Norvestor IX SCSp since 2023. The acquisition of Value Group will enhance Rantalainen's ability to serve its clients and strengthens its market presence, particularly in the burgeoning Norwegian economy.

Value Group, founded in 2015, has established itself as a rapidly evolving force in Norway's accounting, payroll, and advisory landscape. The group has achieved an impressive annual growth rate of over 25% since its inception and is anticipated to generate revenues of NOK 200 million in 2024 with a workforce of 180 dedicated professionals across various locations including Oslo, Drammen, and Bergen.

Industry Overview in Norway

The accounting and payroll service industry in Norway is witnessing significant growth, driven by technological innovations and increasing demand for outsourc