Lassila & Tikanoja Plc expands cooperation with Ropo

Lassila & Tikanoja, which focuses on environmental care, real estate and facility services, is expanding its cooperation with Ropo Capital. According to an agreement signed on 3 September, the services provided will be extended to debt collection in addition to invoicing.

Ropo was selected to extend the service on the basis of a competitive tender. Cooperation on invoice operations, which has continued for several years, provides a solid basis for extending the contract.

“Our successful cooperation with Ropo and the benefits of extended cooperation to L&T were important factors in our decision," says Tuomas Mäkipeska, CFO of L&T.

The L&T service package will be transferred to the Ropo 24 service platform during the revamp. The implementation project has begun and the first phase will be completed in October.

Lassila & Tikanoja, which is listed on the Helsinki Stock Exchange, is one of the largest providers of real estate services in Finland. The company's net sales were 709.5 million euros in 2017 and it employs around 8,700 people.

“Ropo has grown rapidly in a range of sectors involving huge invoicing volumes, not just the waste and real estate services sector. We are delighted to be extending our cooperation with L&T in relation to debt collection. The contract extension is important to us, and L&T is an important reference as a listed company,” comments Ville Räsänen, Account Director of Ropo Capital.

Further information:
Ville Räsänen, Account Director, Ropo Capital Oy, tel. +358 44 535 9955, ville.rasanen@ropocapital.fi

Ropo Capital
Ropo Capital is a leading Finnish provider of invoice lifecycle and financial management services. We compete in the markets as a technological forerunner – our operating model is based on the advantages of digitalisation and advanced automation. More than 8,000 Finnish companies actively use our services. By 2020, we want to be the Finnish market leader in our field.

Lassila & Tikanoja
Lassila & Tikanoja is a service company that is putting the circular economy into practice. L&T’s business operations are divided into five divisions: Facility services, Environmental services, Industrial services, Renewable energy sources and Maintenance of technical systems. Its core business consists of helping customers to reduce their waste volumes, lengthen real-estate lifecycles, direct materials for re-use, and lower their use of raw materials and energy. L&T operates in Finland, Sweden and Russia. The company is listed on the Nasdaq Helsinki. www.lt.fi