Press bulletin April 2, 2007
Pretax acquires remainder of Swedish company PBK Outsourcing
Pretax acquires majority holding in PBK Outsourcing in Sweden
Pretax Group, the leading financial management and payroll accounting service provider in the Nordic countries, has acquired the remaining 49% of the shares in the Swedish company PBK Outsourcing, having previously (March 21, 2007) acquired a 51% holding.
Founded in 1992, PBK Outsourcing is one of Sweden's largest providers of financial management outsourcing and debt collection services. The company achieved an organic growth rate of 18% last year. PBK has about 2,000 customer companies of varying sizes in Sweden and a turnover of EUR 11 million. It also has subsidiaries in Norway and the Netherlands.
PBK will continue its operations under its own name as a member of the international Accountor Group set up by Pretax. The company's 90 employees and management will be kept on, and the sellers of PBK shares will become Pretax shareholders.
After this acquisition, Pretax has subsidiaries in Norway, Sweden, Denmark, the Netherlands, Russia and Estonia, and a total of some 400 employees abroad.
Further information:
Pretax Group
Asko Schrey, President
asko.schrey[a]pretax.net
Puh. 040 500 16 55