Divestment of Hoppenstedt Publishing to WEKA group closed
Bisnode has closed the divestment of its subsidiary Hoppenstedt Publishing to the German publishing group WEKA. Both companies had signed an agreement on April 27th, but the sale was subject of approval from the relevant competition authorities. After the approval was granted, Bisnode and WEKA today closed the transaction which is effective retroactively as of January 1st, 2012.
Hoppenstedt Publishing publishes a range of trade magazines and books on subjects such as industry and automation, laboratory and life sciences, plastics, handling and logistics to the German market. The magazine titles are SCOPE, engine, handling, LABO, MTA Dialog, Kunststoff Magazin, CAD-CAM Report and eDM Report . Hoppenstedt Publishing has 39 employees and is located in Darmstadt. In 2011 the company posted a revenue of EUR 7.6 million.
“Hoppenstedt Publishing offers trade magazines and books in a mostly advertisement based business model, which has limited synergies with our other operations. Therefore, the sale is inline with Bisnodes general strategy to focus on development and growth of its core business,” says Lars Pettersson, CEO of Bisnode. ”WEKA is a leading publisher of trade magazines in Europe and has shown great interest in further developing the magazines and the employees, so we think we have found a great new home for them.”
For additional information contact:
Lars Pettersson, CEO of Bisnode
Tel: +46 70 517 28 02
Email: lars.pettersson@bisnode.com
Fredrik Åkerman, CFO and Business Area Director Product Information
Tel: +46 70 415 23 65
Email: fredrik.akerman@bisnode.com
About Bisnode:
Bisnode is one of Europe’s leading providers of digital business and decision support information, with a complete offering of online services for market, credit and business information. Bisnode’s business information services helps companies to increase sales, reduce business risks and improve their daily business decisions. Bisnode was founded in 1989 and has more than 3,000 employees in 17 European countries. Bisnode is owned 70 per cent by Ratos and 30 per cent by Bonnier. For more information visit www.bisnode.com
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