Alma Media Corporation Press Release 4 June 2014, 12:00 p.m. (EEST)
ALMA MEDIAPARTNERS STRENGTHENS ITS EXPERTISE IN THE AUTOMOTIVE INDUSTRY
Alma Media's subsidiary Alma Mediapartners Oy is strengthening its automotive software expertise by buying all shares in Alma Media's associated company Alkali Oy. The parties have agreed not to publish the price of the acquisition. Alkali Oy has seven employees and its annual revenue is under EUR 1 million.
Alkali develops software applications for various automotive industry needs such as retail, rental and leasing. The company has strong automotive industry expertise and, as an agile operator, it has been successful in reacting quickly to customer needs. This has seen the company triple its revenue over the past four years. After the buy-out, Alkali Oy will be supported by Alma Media's support functions. This allows it to have an even stronger focus on its core priority, namely its customers, despite its growth.
"We have thus far developed various applications for real estate agency needs, and now, through Alkali, we can also offer a broad range of applications to our customers in the automotive retail industry. This presents a great opportunity for us", says Riikka Wulff, Managing Director of Alma Mediapartners.
"In 2010, Alma Media showed its faith in us by becoming a shareholder to support the growth of this entrepreneurial company. Our successes in the past years have only been made possible by our excellent employees and innovative customers. I am confident that, going forward, we can focus even better on developing the best products in the market with the support of a large group behind us", says entrepreneur Tero Tähtinen, founder and majority owner of Alkali.
More information: Riikka Wulff, Alma Mediapartners, tel. +358 40 777 8299
Alma Mediapartners in brief
Alma Mediapartners Oy is a company owned by Alma Media Corporation (65%) and Arena Partners, the development company of newspapers in Central Finland (35%). The service brands of Alma Mediapartners are Etuovi.com, Vuokraovi.com, Autotalli.com and MyyJaOsta.com.
Alma Media in brief
Alma Media is a media company focusing on digital services and publishing. In addition to news services, the company's products provide useful information related to lifestyle, career and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics and Central Europe. The company employs 1,965 professionals (excluding distributors), of whom approximately one third work outside Finland. Alma Media's revenue in 2013 totalled approximately MEUR 300. Alma Media's share is listed on NASDAQ OMX Helsinki. Read more at www.almamedia.com.