Loihde to acquire Talent Base to strengthen its digital development business

Today, the digital development and security solution specialist Loihde (previously Viria) has agreed to acquire the IT consulting firm Talent Base Oy as part of Loihde’s growth strategy. The planned implementation date of the sale is 1 June 2021.

A data-driven digital solution consulting firm, Talent Base employs 57 experts in Finland and Sweden. In the last 12 months, the company’s revenue was EUR 7.4 million and EBITDA 15 % of revenue.

“Talent Base’s wide-ranging experience of data-driven business management consulting and digital development projects will make our digital development operations stronger than ever. We’ll be able to provide our customers with better overall support for their digitalisation projects,” says Samu Konttinen, CEO, Loihde Group.

The digital development business of Loihde already included the data-driven management specialist Aureolis and the digital business developer Bitfactor. Together with Talent Base, they form a network where each company has its own specialist niche that supplements the other companies’ specialist areas. The network also comprises a cooperation model that gives customers access to over 350 top professionals. The companies’ service offering covers everything from digital project management to software development and overall deliveries and from service design to data analytics and knowledge based management solutions. All subsidiaries will switch to new brand names “Loihde X” by next autumn.

“Being part of Loihde enables us to offer our customers more comprehensive services and provide them with strategic and solution consulting services in addition to helping them with the implementation and maintenance of data and digital development projects. What’s more, it gives us the tools to invest even more in business growth, both in Finland and in Sweden. The operational values of Loihde are very similar to ours. That’s why we feel that this is natural development step for our personnel,” says Tomi Bergman, the CEO of Talent Base.

M&A-driven growth is part of Loihde’s growth strategy. In addition, the acquisition paves way for Loihde’s globalisation because Talent Base also has a subsidiary in Sweden.

The value of the acquisition is EUR 10 million.  The parties have agreed that, in connection with the acquisition, Loihde Plc will carry out a share issue to the owners of Talent Base. They will make back investments, with a total value of approximately 30% of the whole sale price. All owners will continue working in Talent Base, and CEO Tomi Bergman will become a member of Loihde Group’s management team.

 

Additional information

Loihde:
CEO Samu Konttinen, interview requests: tiina.nieminen@viria.fi, tel. +358 (0)44 4113480

Talent Base:
CEO Tomi Bergman, tomi.bergman@talentbase.fi, tel. +358 (0)40 940740

 

 

Loihde is an expert organisation specialising in digital development and security solutions. We help our customers create growth and competitiveness through digitalisation while ensuring the security of people and information and the continuity of business. Loihde Group consists of the parent company Loihde Plc and its subsidiaries Viria Security Ltd, Aureolis Oy, Bitfactor Oy, Tansec Oy, Spellpoint Ltd, Viria Kiinteistöt Oy and, as of 1 June 2021, Talent Base Oy. The Group has approximately 710 employees and its revenue in 2020 amounted to EUR 106.8 million.

 

Talent Base uses data to create success stories for the digital age, always with people at the forefront. We combine quality data, goal-driven technologies, efficient processes and an adaptable organisation optimised for business goals.

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