Alma Media Corporation Press release 4 January 2018
ALMA MEDIAPARTNERS ACQUIRES KATSASTUSHINNAT.FI, A MARKETPLACE SPECIALISING IN VEHICLE INSPECTION SERVICES
Alma Media’s subsidiary Alma Mediapartners Oy has acquired Katsastushinnat.fi, a marketplace for comparing vehicle inspection services, by buying the share capital of Ahorouta Oy, the owner of the online service. The Katsastushinnat.fi website has been online since 2007. The parties have agreed not to disclose the price of the transaction.
In 2016, the Katsastushinnat.fi marketplace had approximately MEUR 0.2 in revenue.
The service allows users to compare vehicle inspection stations based on criteria such as location, price and opening hours. Users can also use the platform to share their experiences of the vehicle inspection stations’ services. In 2017, the Katsastushinnat.fi website averaged approximately 40,000 visitors per month.
“Over the past few years, Alma Mediapartners has expanded its automotive media business from the buying and selling of cars to competitive tendering for car servicing. The Katsastushinnat.fi marketplace is a very good fit with what we are already doing and it allows us to achieve synergies between different services. Competitive tendering services also make it possible to deliver even better services to consumers,” says Riikka Wulff, Managing Director of Alma Mediapartners Oy.
“In ten years of operation, Katsastushinnat.fi has had a front-row seat to the development of the industry. The website has provided a modern platform for consumers and vehicle inspection companies to meet online, and we expect new legislation to further increase the internet’s significance in the marketing of the vehicle inspection industry. We are excited to see the website become part of Alma’s dynamic portfolio, where synergies will allow it to continue to serve consumers and vehicle inspection companies in the best possible way,” says Olli Yliaho, founder of the service and Managing Director of Ahorouta Oy.
Riikka Wulff, Managing Director, Alma Mediapartners Oy, tel. +358 10 665 3519
Olli Yliaho, Managing Director, Ahorouta Oy, tel. +358 44 589 6560
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 digitality, 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 2,300 professionals (excluding delivery employees), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2016 was EUR 353.2 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.