Alma Mediapartners acquires the remaining share capital of Muuttomaailma Oy

Alma Media Corporation                                                                25 February 2020 Press release

ALMA MEDIAPARTNERS ACQUIRES THE REMAINING SHARE CAPITAL OF MUUTTOMAAILMA OY

Alma Mediapartners, a subsidiary of Alma Media, has increased its ownership in Muuttomaailma and acquired the remaining share capital. Alma Mediapartners previously held a 25 per cent stake in the company. The parties have agreed not to disclose the price of the transaction.

Muuttomaailma Oy maintains and develops the full-service marketplace muuttomaailma.fi where people moving into a new home can easily plan their move, invite competitive bids from service providers, compare and choose a suitable moving company and apply for financing for their move.

Muuttomaailma.fi website was established in 2015. More than 65,000 movers have already used the service to invite competitive bids for removal services. Most of, over 350, Finnish moving companies have already registered with the service. It is estimated that around 900,000 moves are done in Finland every year.

Muuttomaailma’s revenue totalled EUR 0.5 million in 2019.

For more information, please contact:
Heikki Huttunen, CEO, Alma Mediapartners Oy, tel. +358 10 665 3423
Eero Rönkkö, Founder & Partner of Muuttomaailma Oy, tel. +358 500 222 000

Alma Media in brief

Alma Media is a dynamic digital service business and media company with a strong capacity for renewal. The company’s best-known brands are Kauppalehti, Talouselämä, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth expanding its offering from media to related digital services fulfilling the needs of users’ everyday life as consumers and as professionals in business. Alma Media operates in 11 countries in Europe. Alma Media employs approximately 1,800 professionals. Alma Media’s revenue from continuing operations was EUR 250.2 million in 2019. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com 

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