Mercell acquires Cloudia, the leading e-Procurement platform in Finland

Picture from left: Jacob Møller, Head of M&A and Terje Wibe, CEO of Mercell

Mercell Holding ASA has signed an agreement to acquire 100% of the shares in the leading Finnish e-Tendering provider Cloudia Oy.

Cloudia is the clear market leader in the source-to-contract market for public buyers in Finland, with a platform with more than 250,000 users and 1.1 million customer contracts. The customer list comprises more than 500 customers, counts 95 of Finland’s 100 largest municipalities and 10 of the largest cities.

– The acquisition of Cloudia represents another milestone in our consolidation of the Nordic market. Cloudia’s strong position with public buyers in Finland offers an ideal foundation to expand the supplier side of the market and cross-sell our post-award solutions. Further, the company has an experienced and strong management team and highly skilled employees, underpinning the impressive performance and results Cloudia has achieved. We look forward to including them in the Mercell family, says CEO Terje Wibe in Mercell.

Cloudia was founded in 2008 and is headquartered in Helsinki. The employee base counts 54 FTEs across three offices in Finland and one in Dubai. The SaaS product portfolio consists of planning, sourcing, and contract and supplier management. This adds to Mercell’s market leading supply-side business in Finland consisting of 10 FTEs.

– Joining forces with Mercell gives Cloudia the opportunity to become part of a pan-Nordic constellation, broadening our products and service offerings. This will not only cement our foothold in the Finnish market, but also provide significant opportunities in the Nordic and European markets. Our combined position will prove to be highly beneficial for the company, our employees, and our large and growing customer base, says CEO Are Saarinen in Cloudia