Alma Media to divest Talosofta

Alma Media Corporation                                                                          9 June 2021
 

ALMA MEDIA TO DIVEST TALOSOFTA

Alma Media’s subsidiary Alma Mediapartners Oy and Lemonsoft Oy have agreed on a business transaction in which the construction and housing ERP system Talosofta will be transferred to Lemonsoft Oy effective from July 2021. Talosofta is a web-based ERP system for small and medium-sized construction, renovation and technical building service industry operators with revenue of approximately EUR 1.0 million in 2020. The parties have agreed to not disclose the purchase price.

- Alma Consumer’s strategy is focused on digital marketplaces in the housing and automotive sectors, comparison services and media. Consequently, the expansion of the ERP business in the construction sector is no longer at the core of our operations. We previously divested the NettiKoti business for similar reasons. We thank Talosofta’s committed team for their time at Alma,” says Kari Kivelä, SVP of Alma Consumer.

The divestment has no major effect on Alma Media’s result.

For more information, please contact:
Kari Kivelä, SVP, Alma Consumer, tel. +358 10 665 2032.

Alma Media in brief

Alma Media is a dynamic multi-channel media company with a strong capacity for renewal. We are building sustainable growth from media to services, providing content and services that benefit users in their everyday lives, work and leisure time. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

Alma Media operates in 11 countries in Europe and employs approximately 1,500 professionals. Alma Media’s revenue from continuing operations was EUR 230.2 million in 2020. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.