VMP Oyj has merged with Smile Henkilöstöpalvelut Oyj, combining two leading companies in the Finnish personnel services sector to strengthen market position and enhance service offerings.

Target Information

VMP Oyj ("VMP") has signed an agreement on July 5, 2019, to acquire the shares of Smile Henkilöstöpalvelut Oyj ("Smile") from NoHo Partners Oyj's minority shareholders. This strategic merger aims to unite two leading companies in the personnel services sector, enhancing their market position and their ability to innovate in the evolving world of work.

The merger is expected to provide significant synergies, merging VMP's existing expertise with Smile's innovative approaches. By combining their resources, both companies will be better equipped to invest in digitalization and the development of new service offerings, ultimately generating added value for customers, employees, and shareholders.

Industry Overview in Finland

The personnel services industry in Finland has witnessed significant growth in recent years, driven by increasing demand for flexible workforce solutions. Companies are keen to adapt to changing labor market dynamics, w