Svea Ekonomi AB (Svea) has reached an agreement with the Accountor Group and has acquired Accountor Sweden AB (Accountor), a leading financial management services group in the Nordic countries, Russia and the Baltic Sea region. Financial details have not been disclosed.
Svea, a privately-owned business founded in 1981, is one of the leading groups in credit management and financial services on the Swedish market. The strategic partnership means, as a first step, that the invoicing, receivables handling and debt collection operations performed by Accountor in Sweden will be transferred to Svea. The agreement is tailored to become one of the most comprehensive yet for the financial management industry in Northern Europe. The depth and scope of the partnership covers the full service chain by both companies working together for over 30,000 clients.
Accountor is the leading provider in the outsourcing of finance functions in Sweden and is a member of Accountor Group in northern Europe. The company's services form an overall concept that provides clients access to a totally or partially outsourced accounting function.
Accountor Group provides accounting, HR and financial advisory services. The group supplies, through its sister companies and partners, accounting services to businesses throughout the Nordic and Baltic regions, the Netherlands and Russia.
Oaklins' team in Sweden has acted as financial advisor to the buyer in this transaction.
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