Alma Media Corporation Press Release 11 January 2018
CAR SERVICING MARKET VENUE AUTOJERRY.FI NOW FULLY OWNED BY ALMA MEDIAPARTNERS
Alma Mediapartners, a subsidiary of Alma Media, has acquired the remaining share capital to become the full owner of AutoJerry Oy, a company offering competitive tender services for car servicing. Alma Media previously held a 24 per cent stake in the company. The parties have agreed not to disclose the price of the transaction.
In the AutoJerry.fi service, people can compare car servicing and repairs in a centralised manner and invite competitive tenders for the services: drivers receive offers from car repair workshops in their area, compare offers and book a servicing time with the repair workshop they have selected.
The AutoJerry.fi service, which was launched in June 2014, includes 1,630 car repair workshops, covering about 50% of Finland’s repair workshops around the country. Nearly 200,000 Finns have used the service to compare prices and invite competitive tenders. Revenue for the calendar year 2017 was approximately MEUR 0.7.
- The business operations of AutoJerry.fi have progressed exceedingly well, even better than we expected. The time is now right to make the complete service a part of Alma Mediapartners. AutoJerry.fi and our recently acquired Katsastushinnat.fi form the perfect duo for our service package designed for cars and mobility, says Riikka Wulff, Managing Director of Alma Mediapartners.
- Repair shops have found and started to use our services and we have been able to alter the marketing policies of the industry. Through Alma Media, we can become a part of the largest media network in Finland, gaining more exposure. This, in turn, creates an increased flow of customers to the repair shops and better services for consumers, says Jari Vallström, CEO of AutoJerry.
For more information, please contact:
Riikka Wulff, Managing Director, Alma Mediapartners Oy, tel. +358 (0)40 7778299
Jari Vallström, CEO, AutoJerry Oy, tel. +358 (0)40 5795219
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.