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FCG Finnish Consulting Group to acquire Oy Audiapro Ab

FCG Finnish Consulting Group Ltd acquires the entire share capital of Oy Audiapro Ab, a training and consultancy company, from Oy Audiator Ab. All training and consultation business operations of Oy Audiapro Ab will thus be taken over by FCG. The acquisition will reinforce FCG's position as a provider of extensive training and consultation services for public administration. Both FCG and Audiator are affiliated companies of the Association of Finnish Local and Regional Authorities. Formerly employed by Oy Audiapro Ab, the staff will be transferred to work for FCG from 1 January 2013.

- This arrangement brings together the competencies of the Association of Finnish Local and Regional Authorities and its affiliated companies — the development of leadership and administration, training and consultation services. One aim of the acquisition is to support FCG's public administration clients in the large forthcoming structural changes and
particularly the local government in developing the methods of service provision, says Kari-Pekka Mäki-Lohiluoma, Chairman of the Board of FCG and Director General of the Association of Finnish Local and Regional Authorities.

- Audiapro's expertise in consultation adds resources and competence to FCG's current consultation business. Within FCG, consultation and training will gradually be separated into two business functions with a strong common mission: to help our clients perform their tasks and manage change, says Ari Kolehmainen, Managing Director of the FCG Group.

- After the arrangements, Audiapro’s business operations will be part of a larger and stronger unit which will certainly benefit the member municipalities of the Association of Finnish Local and Regional Authorities, says Aija Tuimala, Managing Director of Oy Audiapro Ab.

In connection with the acquisition, existing client agreements, orders, tenders and other commitments under the consultation operations of Oy Audiapro Ab will be transferred to FCG Finnish Consulting Group Ltd. Within FCG, the transferred business activities will be managed as part of the business operations of FCG knowledge Management Ltd until the merger, scheduled to take place on 1 July 2013.

The Board of FCG has appointed Aija Tuimala, Master of Science (Econ.), as director of the new business unit. She will take up her post as Managing Director of FCG Knowledge Management Ltd on 1 January 2013. Katrina Harjuhahto-Madetoja will remain director of FCG's training operations.

The acquisition is related to the ownership arrangements of the Association of Finnish Local and Regional Authorities and its affiliated companies, whereby the auditing services of the Audiator Group were acquired and taken over by a new owner.

FOR MORE INFORMATION, PLEASE CONTACT
Kari-Pekka Mäki-Lohiluoma, Chairman of the Board of FCG, tel. +358 50 364 7883
Ari Kolehmainen, Managing Director of the FCG Group, tel. +358 44 704 6252

FCG Finnish Consulting Group Ltd is the largest, domestically-owned multi-industry consulting and training organization in Finland. FCG's services focus on close cooperation with its clients and partners such as the Association of Finnish Local and Regional Authorities. With a 76% holding, the Association of Finnish Local and Regional Authorities is the major owner of FCG's parent company, FCG Finnish Consulting Group Ltd. The Group employs some 750 experts in Finland and abroad.

[Dokumentti FCG Finnish Consulting Group to acquire Oy Audiapro Ab (1233)]

Heidi Kekälinen (heidi.kekalinen a fcg.fi), Nov 30th 2012



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