Carner advises Valamis Group’s divestment of Haallas Finland to Siili Solutions

In Short

Siili Solutions Oyj has acquired all the shares in Haallas Finland Oy. Haallas is a company specialized in design, technology and data that operates in four locations around Finland; Joensuu, Oulu, Lappeenranta and Helsinki. Haallas develops digital services to companies and public sector organizations. Hallas has a strong foothold in public sector digitalization. Haallas’ customers include Finnish Institute of Health and Welfare THL, Hansel, Metsähallitus, Finnvera, the City of Helsinki and Osuuspankki.

The Whole Story

Haallas’ business has previously been part of Valamis Group, and the Company started operations as an independent company in early 2022. In 2021, the share of Haallas’ business of Valamis Group’s sales was approximately 5.8 million euros and EBITDA approximately 0.9 million euros. The Company employs more than 50 persons.

Siili Solutions Oyj is a digital and technology multitalent with offices in Finland, Germany, Poland, Hungary, the Netherlands, Austria, the UK and the USA. Siili Solutions’ shares are listed in Nasdaq Helsinki. Since its establishment in 2005, Siili has experienced profitable growth.

With Haallas, Siili gains an even stronger role especially in the public sector, where Haallas has been a trusted, long-term partner, developing digital solutions to its numerous customers for more than a decade.

”With this transaction, we strengthen our public sector operations in accordance with our strategy, grow our teams nationwide and gain over 50 new high-level experts as part of our team. We are impressed with Haallas’ deep expertise in digitalization and long-term customer relationships. The companies’ cultures and values also meet in an exceptional way, so it is a pleasure to welcome the Haallas team to Siili”, says Tomi Pienimäki, CEO of Siili Solutions.

”I am excited about the possibilities created by this transaction. During the past year we have taken our place as a new company, and now, together with Siili, we have excellent possibilities to grow and to create innovative digital solutions. It has been a pleasure to see how compatible the cultures of Haallas and Siili are; both invest enormously in personnel well-being, community, as well as learning and development opportunities”, says Antti Kuivalainen, Managing Director of Haallas.

Carner Corporate Finance advised Valamis Group throughout the sale process.

Quotes from Siili Solutions Oyj press release