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FINANCIAL

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Stage

Acquired | Acquired

About Auta Invest

Auta Invest is a financial company.

Auta Invest Headquarter Location

Kaskimaentie 22

Veikkola, 02880,

Finland

Latest Auta Invest News

Elite Asset Management Plc's subsidiary Elite Sijoitus Oy buys Auta Invest Oy and Smart Money Oy

Aug 17, 2017

Elite Asset Management Plc's subsidiary Elite Sijoitus Oy ("Elite") and the owners of Auta Invest Oy and Smart Money Oy have today signed two sale and purchase agreements by which Elite acquires all of both Auta Invest Oy's and Smart Money Oy's outstanding shares. The acquired companies act as tied agent companies marketing investment and asset management services. As a result of the acquisition, the founder of Auta Invest Oy, Sami Sillgren, and the founder of Smart Money Oy, Tomi Haapala, are starting as private bankers in Elite Asset Management after a transition period. The acquisition is in line with Elite Asset Management's strategy, according to which the company strives to expand its organization of customer service and sales nationwide. Elite will open a new office in Espoo in the near future. Sami Sillgren has been appointed as the branch manager of the Espoo office beginning 1 January 2018. "We are delighted that we reached an agreement with Sami Sillgren and Tomi Haapala enabling their transition to Elite. Both Sillgren and Haapala have an excellent attitude and strong track record working as private bankers, which we appreciate. Our new office allows us to serve our present and future customers in the West Uusimaa region even closer to them", says Daniel Pasternack, CEO of Elite Asset Management. "Elite Asset Management is a rapidly growing investment firm that manages its customers' assets as a whole. In particular, Elite's advisory services and flexible operating environment were decisive in making our decision to move to Elite", says Sami Sillgren and Tomi Haapala. The acquisition is not expected to have a significant impact on Elite Asset Management's 2017 financial result. The parties have agreed that the purchase price will not be disclosed. ELITE ASSET MANAGEMENT PLC

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