Epical divests its SAP consulting business to Pearl Finland Oy
Nordic data consultancy Epical has signed an agreement according to which Epical Finland Oy divests its SAP consulting business to Pearl Finland Oy. Epical is the former consulting business division within Enfo. The divestment supports Epical’s strategic approach to be a leading pure-play data consultancy in the Nordics.
The divestment of the SAP business is a continuation of Epical’s strategy to sharpen the positioning to accelerate growth. It will also improve the competitiveness of Epical as the business can focus on its mission to be a leading data consultancy in the Nordics, specialized within data & analytics, security, applications, and integrations solutions. Epical’s SAP consulting business includes 16 employees in Finland.
In June 2021, Enfo divested its 30% ownership in the Swedish SAP consultancy Zuite Business Consulting to Pearl Group AS. Epical is today a subsidiary of Enfo as a new corporate structure was implemented in June 2023, and the divestment of the remaining SAP division is a natural continuation of streamlining Epical’s business.
“The divestment is in line with our aim to be a Nordic leading pure-play data consultancy with services and expertise to support and enable the management, utilization and protection of customers’ data. With the divestment we will approach Epical’s customers with an even more focused offering, supporting them on their data-driven journey. We see responsible use of data as a powerful tool for creating positive change in the world, and our purpose is to create a world we can all trust,” says Mikko Valorinta, CEO at Epical.
“With this transaction, Pearl Finland will continue its journey to be the leading SAP service provider in the Finnish SAP market. Pearl Finland has already grown during 2023 from one employee to 19 employees and now with this acquisition our position will be even stronger. At Pearl, we are excited to welcome the new employees to join our team. The SAP customer base of Epical fits Pearl portfolio perfectly and as Pearl we want to further strengthen the relationship,” says Helena Järvi, CEO at Pearl Finland Oy.
The divestment will have no immediate effect on existing customers or on existing contracts. It will become effective from 1 December 2023.
The parties have agreed not to disclose the price of the transaction.
For more information, please contact:
Stina Thor, Sr. Communications Manager & Sustainability Lead
Epical
+46 (0)70-214 3324
stina.thor@epicalgroup.com
Helena Järvi, CEO
Pearl Finland Oy
+358 10 579 8471
helena.jarvi@pearlgroup.fi
About Epical
Our expertise is data, our product is trust. Epical is a Nordic data consultancy specialized in areas such as data & analytics, security, applications and integrations. Together with our 500 digital experts, we support and enable the management, utilization and protection of customers’ data. We believe that responsible use of data is a powerful tool for creating positive change in the world, helping to solve some of our most pressing problems for our customers and the society around us. Since June 1, 2023, Epical is a subsidiary of Enfo Oy. epicalgroup.com
About Pearl
Your Business Next Level. Pearl Group was established in 2006 with a vison of building long term partnerships with our customers. Over the years, the company has developed from an SAP specialist to a leading player in the ERP and digital commerce in the Nordics and the Northern EMEA region. Today we are over 400 employees in Norway, Sweden, Finland, Latvia, Poland and Singapore, and have a proven track record of high growth since the start. Our strategy is based on a close collaboration with our customers, where scalable concepts and templates are combined with deep technology- and business understanding. pearlgroup.fi
