ROPOHOLD OYJ, STOCK EXCHANGE RELEASE 23 October 2018 at 10:30 EEST
RopoHold Oyj’s (“Ropo Capital” or the “Company”) Board of Directors has been informed that the funds managed by the main owner, Sentica Partners Oy, have initiated a strategic review, with the aim of ensuring the continuity of Ropo Capital’s strong domestic growth and the Company’s internationalisation in the near future.
One potential result of the strategic review is expanding or changing Ropo Capital’s ownership base. The Company will communicate the results of the strategic review after it has been completed.
“Ropo Capital has grown and improved its profitability significantly in recent years. There is strong demand for the Company’s automated invoicing lifecycle service, evidenced by significant new customer wins especially during 2017-2018. We also believe that the service has considerable international potential. We want to ensure the continuity of the positive direction and strong growth of Ropo Capital through a strategic review,” comments Pentti Tuunala, Chairman of the Board of Ropo Capital and partner at Sentica Partners Oy.
Ropo Capital is Finland’s leading invoicing lifecycle service provider and operates as a technological forerunner on the market. Ropo Capital’s operating model is based on the benefits of digitalisation and extensive automation: the Company’s proprietary Ropo 24 software has been developed to automate and unify the invoicing processes, minimise manual operations and improve invoicing reporting.
Ropo Capital’s services are used by approximately 8,000 companies in Finland. The Company employs approximately 180 professionals in Kuopio, Porvoo and the capital region.
Additional information for the media:
Chairman of the Board of Ropo Capital and partner at Sentica Partners Oy
Phone: +358 (0) 207 529 610