Visma has acquired Suomen Vesitieto Oy to enhance its software offerings for the Finnish water utility sector, presenting a strategic opportunity for growth and innovation.

Target Company Overview

Visma, a Northern European software company, has acquired the share capital of Suomen Vesitieto Oy. This target company specializes in an advanced Software as a Service (SaaS) solution designed specifically for the water utility sector. Their offering provides cutting-edge tools for customer data management and billing, making it one of the most modern and seamless solutions available in the market. Additionally, the product can be integrated with other infrastructure areas, including heating, gas, and waste management. Suomen Vesitieto Oy serves major water utilities in Finland, with over one million Finnish water consumers as end users of their services.

Industry Overview in Finland

The water utility sector in Finland is characterized by a robust and mature market, driven by a commitment to sustainability and efficient resource management. Finnish water utilities are known for their high standards and innovations, which are essential to meet the growing demands of urbanization and population growth. The industry continues to evolve, with a strong emphasis on digital transformation and the implementation of smart technologies to enhance service delivery.

In recent years, there has been a significant shift towards cloud-based solutions, with many utilities seeking to modernize their operations through SaaS platforms. This trend is fueled by the need for real-time data access,