Alma Media Corporation Press Release 6 August 2014 at 2:00 p.m. (EEST)
ALMA MEDIAPARTNERS ACQUIRES A STAKE IN A COMPANY DEVELOPING ONLINE SERVICE URAKKAMAAILMA.FI
Alma Mediapartners has acquired 15 per cent of the share capital of Remonttibulevardi Oy, which is a company developing the online service Urakkamaailma.fi. The parties have agreed to not publish the transaction price. Urakkamaailma.fi has its roots in the business incubator of Aalto University. It was founded in 2012, and employees currently three people.
Both property managers and consumers are able to publicly ask for bids for their renovations, and the contractors find new customers via Urakkamaailma.fi. The number of invitations for bids published in Urakkamaailma.fi has been growing, and there are almost 2,000 contractors registered in Urakkamaailma.fi.
"Urakkamaailma is very interesting and promising start-up. Many of our Etuovi.com users are planning to do some renovations, and via Urakkamaailma we are able to help them also with these issues", says Riikka Wulff, Managing Director of Alma Mediapartners.
"It's great to have backup from a bigger company with strong position in housing-related issues", says Kalle Koivuniemi, Managing Director of Remonttibulevardi and founder of Urakkamaailma.fi
The online service Urakkamaailma.fi is located at www.urakkamaailma.fi
Riikka Wulff, Managing Director, 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.