Finnish HR services firm VMP Group announced that it has acquired HR services company Extremely Nice Job Oy which operates under the Enjoy brand.

Enjoy, based in Finland, specialises in offering HR services to the services industry across the country. Enjoy’s revenue in 2018 is expected to be approximately €18 million and its EBITDA approximately €0.7 million.

VMP will finance the acquisition with its cash assets. The fixed debt-free purchase price is approximately €3 million, with an additional purchase price of up to €0.3 million, the amount of which is determined once the 2018 financial statements of Enjoy have been completed. The transaction will have no impact on the result of VMP in 2018.

The acquisition strengthens VMP Group’s position in the services industry, which is the second largest customer sector in VMP’s staffing business after the industry sector.

“Enjoy is a perfect fit with our strategy, which is to consolidate the market and to streamline our operations through scalability. Enjoy expands our offering geographically into Lapland, for example,” Juha Pesola, CEO of VMP, said.

Olli Tuominen, CEO of Enjoy Group, also commented, “We at Enjoy have always been ready to seize new opportunities, and we want to continue developing our services also in the future. By combining our capabilities and strengths with those of VMP, I’m confident that we will be able to serve the market even better and more comprehensively.”