Alma Media’s acquisition of Kolektiv finalised after completion of local competition regulator process

Alma Media Corporation                                                        Press release 9 January 2020

ALMA MEDIA’S ACQUISITION OF KOLEKTIV FINALISED AFTER COMPLETION OF LOCAL COMPETITION REGULATOR PROCESS

In November 2019, Alma Media Corporation entered into an agreement concerning the acquisition of the entire share capital of Kolektiv Ltd, the leading online recruitment service in Bosnia and Herzegovina. The local competition regulator process, as the prerequisite for the transaction, has been finalised and the transaction completed.

The estimated revenue of the company in 2019 is EUR 2.0 million, and it has 40 employees.

Kolektiv will be included in the reporting for the Alma Markets business segment from the beginning of 2020.

For more information, please contact: Vesa-Pekka Kirsi, Senior Vice President, Head of Alma Markets, tel. +358 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, 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, 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.

Share article