Gofore Oyj’s Acquisition of Qentinel Finland Oy

Borenius advised Gofore Oyj.

Gofore Plc has completed the acquisition of Qentinel Finland Oy, a specialist in software testing automation.

The debt-free purchase price was EUR 8.9 million. An additional purchase price was agreed based on the EBITDA adopted in the 2020 financial statements. Gofore estimates the additional purchase price to total EUR 1–2 million. As a result of the acquisition, Gofore will become one of the most important providers of professional services in digital quality assurance in Finland.

Gofore Plc is a Finland-based digitalization specialist with international growth plans. Together with customers, they are pioneering an ethical digital world. They are made up of over 600 impact-driven people across Finland, Germany, Spain and Estonia. They use consulting, coding and design as tools to incite positive change. They care for our people, our customers, and the surrounding world.

Qentinel is an international software testing and quality assurance company, by accelerating software development and improving the user experience with robotic software testing. Qentinel was founded in 2002 and we employ over 130 people.

Borenius team included Jari Gadd (Picture), Niklas Suni, Annukka Käsnänen, Lasse Parkkamäki and Tuomas Tuominen.

Involved fees earner: Jari Gadd – Borenius Attorneys Ltd; Annukka Käsnänen – Borenius Attorneys Ltd; Lasse Parkkamäki – Borenius Attorneys Ltd; Niklas Suni – Borenius Attorneys Ltd; Tuomas Tuominen – Borenius Attorneys Ltd;

Law Firms: Borenius Attorneys Ltd;

Clients: Gofore Oyj;