Kolektiv, the leading online recruitment service in Bosnia and Herzegovina, now fully owned by Alma Media

Alma Media Corporation             Press Release           4 November 2019

KOLEKTIV, THE LEADING ONLINE RECRUITMENT SERVICE IN BOSNIA AND HERZEGOVINA, NOW FULLY OWNED BY ALMA MEDIA

Alma Media Corporation has acquired the remaining share capital to become the whole owner of Kolektiv Ltd, the leading online recruitment service in Bosnia and Herzegovina. In 2012, Alma Media acquired a 30 per cent share in Kolektiv. The parties have agreed not to disclose the price of the transaction.

Online job portal Kolektiv was established in 2001. In its operations, the company has focused on the digital job market business, recruitment and HR consulting services, staff leasing and outsourcing services and temporary staffing services. In 2018, the company’s total revenue amounted to MEUR 1.8 and it employed 40 people.

The transaction is subject to approval of local competition authorities before closing.

Alma Media’s strategy is to build sustainable business growth through the opportunities of digitalisation: by seeking growth from digital services and internationalisation, in recruitment business in particular. Alma Media has online recruitment services in 10 European countries, and most of these services are market leaders in their regions. In addition, Alma Media owns minority interests in recruitment services in Serbia and Macedonia.

For more information, please contact: Vesa-Pekka Kirsi, Senior Vice President, Head of Alma Markets, tel. +358 (0)10 665 2587

Alma Media in brief

Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitalisation, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 1,900 professionals (excluding delivery employees), of which approximately 30% work outside Finland. Alma Media’s revenue in 2018 was EUR 354.6 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.

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