Rantalainen
Rantalainen is the leading financial administration company in Finland. The company’s offering includes financial administration services, payroll, HR, and other financial expert services.
When Intera became the majority owner and partner in 2018, Rantalainen’s revenue was approximately EUR 41 million. The company’s growth strategy was implemented in Finland both organically and through acquisitions. During Intera’s ownership, Rantalainen’s revenue increased more than 2.5-fold reaching over EUR 100 million ahead of the original targeted schedule. During the same period, Rantalainen made approximately 60 add-on acquisitions, with a strong focus on professional integration processes. These acquisitions also included a successful expansion to Sweden in 2022.
The successful implementation of Rantalainen’s growth strategy was accelerated by substantial investments in digitalization and automation. For example, the company focused on the automation of processes using robotic software and utilizing artificial intelligence for invoice processing. These investments helped achieve significant improvements in service production efficiency, as well as in employee and customer experience. Along with digitalization, sustainability played an important role in Rantalainen’s development. In particular, the company focused on HR management for example by launching a 100% remote work option for employees and by investing in extensive training and well-being of its personnel.
During Intera’s ownership, Rantalainen grew from being the fourth-largest accounting firm in Finland to become the largest accounting services company in the country. At the end of 2022 the company employed 1200 financial management professionals in Finland and Sweden. Intera exited Rantalainen in March 2023. Rantalainen continues its international growth with the Nordic private equity firm Norvestor as its new majority owner.
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