OpusCapita streamlines its business focus in the Baltic States
November 11, 2015
Finnish financial process provider sells its printing and scanning business to BaltCap.
OpusCapita Group has signed an agreement to sell all business operations serving the local markets in the Baltic States to Baltcap, the leading private equity and venture capital investor in the region. The transaction consists of OpusCapita AS in Estonia and Latvia and UAB OpusCapita in Lithuania that provide printing, digitizing and distribution services as well as eServices to the local market in the Baltics. OpusCapita will keep its competence centres in the Baltics that serve customers outside the Baltics.
The plan is to complete the transaction by December 2015. The transaction is subject to the approval of the Competition Authorities. The parties have agreed not to disclose the transaction price. The Baltic companies to be divested employ in total 118 persons.
The divestment will enable OpusCapita to improve its business focus in strategic regions in Europe.
“OpusCapita’s strategic focus is to grow in Europe with the aim to become the leading international provider of automated solutions. For us the outlook for the Baltic market has become limited. We wanted an investor that would be a strong owner on the local market to develop the business in this region”, says Katarina Dahlbäck, Senior Vice President of OpusCapita Baltics.
“For BaltCap the Baltics is a core market and we are thrilled to enter a profitable business with many new opportunities,” says Kristjan Kalda, investment director of BaltCap. “Through the investment, BaltCap will participate in developing paperless economy, which fits well to our strategy.”
For further information, please contact:
Katarina Dahlbäck, Senior Vice President, OpusCapita Baltics
Tel. +46-76 126 99 95, firstname.lastname@example.org
Kristjan Kalda, Investment Director, Baltcap
Tel. +372 6650284, email@example.com
OpusCapita sets the new standard for financial, purchasing and document processes. With 2,300 passionate professionals, we focus on Purchase-to-Pay and Order-to-Cash processes where we combine software, outsourcing and services with a delivery model that offers the best value for our customers. We have operations in eight countries and vast experience accumulated with over 11,000 customers, with end-users in more than 50 countries. In 2014, OpusCapita’s net sales totaled EUR 260 million. OpusCapita is part of Posti Group Corporation and has its head office in Finland. www.opuscapita.com
BaltCap is the leading independent private equity firm focusing on small and midmarket buyout and expansion capital investments in the Baltic States. BaltCap has strong presence in all three Baltic countries with local offices and experienced team of 16 professionals. Since 1995, BaltCap has been managing several private equity and venture capital funds with total capital of over EUR 240 million and has made more than 60 investments.www.baltcap.com