Renovation and construction marketplace Urakkamaailma now fully owned by Alma Mediapartners

Alma Media Corporation          Press release 1 March 2017

RENOVATION AND CONSTRUCTION MARKETPLACE URAKKAMAAILMA 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 Urakkamaailma.fi . Alma Mediapartners has gradually increased its ownership in Urakkamaailma.fi, most recently by increasing its stake to 51 per cent in June 2016. The parties have agreed not to publish the price paid for the shares.

Launched in 2012, Urakkamaailma.fi is a service where consumers and housing companies can find verified contractors with reviews by users for all kinds of renovation and construction projects. The service has become the most popular channel for competitive bidding in the field of renovation, and it has nearly 4,600 registered constructors. The average number of tenders per request is four. In 2016, the value of renovation and other construction work contracted through the service by housing companies and other customers amounted to EUR 70 million.

- Urakkamaailma’s business saw excellent development in 2016. Construction and renovation, and finding suitable service providers, is often perceived as difficult. Urakkamaailma makes things easier by providing assistance and advice as well as the right service providers for the job. The service also includes free-of-charge renovation contract templates and customer service to make renovation contracts more secure. Urakkamaailma is a great fit with with Etuovi.com and it complements Alma Media’s housing-related solutions and services, says Riikka Wulff , Managing Director of Alma Mediapartners.

- Alma Media and its digital network have been a perfect partner for us and they have helped our service achieve rapid growth. There are synergies for both parties involved. As one of Finland’s leading media companies, Alma Media has provided us with resources and visibility. It has allowed us to complement the enthusiasm and agility of a small company with the expertise and services of a large corporation,” says Kalle Koivuniemi , the founder of Urakkamaailma.fi.

For more information, please contact:
Riikka Wulff, Managing Director of Alma Mediapartners Oy, tel. +358 (0)40 7778299
Kalle Koivuniemi, CEO of Urakkamaailma.fi, tel. +358 (0)44 7345605

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 personnel), 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 .

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