Liana Technologies is acquired by Ilkka-Yhtymä Group
Oaklins’ team in Finland advises shareholders of Liana Technologies on the sale of the majority stake of the company to Ilkka-Yhtymä Group.
Oaklins’ team in Finland acted as an exclusive financial advisor to the shareholders of Liana Technologies, Finland's largest cloud-based marketing & communications software provider, in connection with the sale of the majority stake of the company to Ilkka-Yhtymä Plc, listed on Nasdaq Helsinki. Two of the company's founders, Samuli Tursas and Juha-Mikko Ahonen, will remain significant shareholders and continue playing an active role in the company's growth story. Samuli Tursas will continue as Liana's CEO.
Liana Technologies is specialized in digital marketing and communication software, offering digital tools to digital marketing & communications professionals and leading advertising agencies around the world. The company's headquarters and product development are located in Oulu, Finland. While Finland is currently the main market for Liana Technologies, it also has offices in Stockholm, Paris, Munich, Dubai and Hong Kong, and is constantly pursuing further international expansion. Liana Technologies Group's net sales have grown annually 6.7% on average between 2015 and 2018 and comprised EUR 14.3 million in 2018.
According to Samuli Tursas, CEO and co-founder of Liana Technologies, it was important for the founding shareholders to maintain the company's ownership in Finland and to find a new majority owner, who would share the same values and could support the company in its future growth and expansion.
It's been 15 years since the company was founded. It is great that Liana has found a partner, who can support and help the company in its future growth stages.Samuli Tursas, CEO and Co-founder, Liana Technologies, Finland
The acquisition supports Ilkka-Yhtymä Group’s strategy to invest in growth and expand from traditional media to digital marketing and communications technology. As a new majority shareholder and a publicly listed company, it will provide additional resources for developing Liana's operations and promoting growth.