IT services company Netum Group Oyj has today acquired 100% of Cerion Solutions Oy.
IT services house Netum Group Oyj has today, on 1 October 2021, signed a contract to acquire 100% of Cerion Solutions Oy. The seller is Cerion Oy. With this acquisition, Netum strengthens its knowledge management expertise and digital development resources as well as presence in the Turku economic region.
Through this acquisition, Cerion Solutions will significantly increase its expertise and number of experienced professionals. Together Netum and Cerion Solutions will form an expert organisation of over 200 professionals able to offer all its customers more competitive solutions of a higher quality for utilising data and knowledge management as well as furthering digitalisation. Additionally, Netum’s strong cyber security expertise will complement our offering. We would also like to confirm that our operations will continue as usual, and the transaction will have no impact on Cerion Solutions’ management or personnel.
”It’s great that Cerion Solutions has a new, strong owner that will open up new opportunities for the company, its customers and the personnel. Cerion Solutions’ profitability is good, and the outlook for the rest of the year is positive. Netum is a profitably growing listed company, and being part it, Cerion Solutions will significantly increase its competitiveness and ability to deliver more comprehensive solutions, in addition to making the company’s expertise and solutions better known. I am convinced that together we can serve our customers even better,” says Cerion Solutions’ CEO Altti Raali.
”In addition to strong organic growth, our goal is to grow through acquisitions, with Cerion Solutions the first step on this path. This acquisition supports our goal of expanding the services we offer and our customer base among corporations, municipalities and universities. We are happy that both companies have similar operating practices and corporate cultures. Both seek solid growth and understand the importance of good profitability. Cerion Solutions’ employees are outstanding data, analytics and digitalisation professionals, and it gives me great pleasure to welcome all Cerion Solutions’ employees into our growing Netum team,” says Netum’s CEO Matti Mujunen.
Cerion Solutions Oy
Altti Raali, CEO
tel. +358 40 557 3047