Here are Juha’s comments on Administer’s three small acquisitions. 
Administer started 2025 at a brisk pace, as the company announced it had agreed on three corporate acquisitions. These acquisitions strengthen the group’s accounting services’ regional operations across Finland. We estimate the acquired targets’ combined revenue to be approximately EUR 1.2 million and their results to be positive. This provides a good growth foundation for the accounting firm business. The acquisition prices were not disclosed, but we estimate the valuation levels of the acquisitions to have been moderate.