“Talentum’s strong brands and know-how will significantly increase the supply of Alma Media’s professional media and business services. The combining entity will create a solid foundation for new investments especially into the digital media and service business. The Combination of Alma Media and Talentum will quickly result in cost advantages and in the long term the growth of the business entity will render it possible to produce better products and services for our clients and better work opportunities for our personnel”, states Kai Telanne, President and CEO of Alma Media.
“Talentum has been able to improve its profitability over the past years especially by increasing its circulation profits, by cutting expenses, and through successful transactions. In addition, our strategy has relied on growing our digital sales. If completed, the Combination of Talentum and Alma Media will give the new company even more possibilities to develop new digital consumer and business services. I believe that our customers will benefit from the Combination”, says Aarne Aktan, CEO of Talentum.
Alma Media is a media group focusing on digital services and publishing. In addition to news services, the company’s products provide useful information related to lifestyle, career, and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics, and Central Europe. In 2014, the company employed, on average, 1 830 professionals (excluding distributors), of whom approximately one quarter worked outside Finland. Alma Media’s revenue in 2014 totalled approximately EUR 295 million. The company’s share is listed on NASDAQ OMX Helsinki Ltd.
Talentum Corporation focuses on professionals with main products of magazines, books, digital services, trainings and events. Talentum produces contents from various fields of economy, law, management, HR, sales and marketing, ICT, technology and health care with the mission to help professionals succeed. In 2014, Talentum’s net sales totalled EUR 72.3 million. The company employs 720 persons in Finland, Sweden, Denmark, Estonia and Latvia. Talentum Corporation is listed on Nasdaq Helsinki.Back to transactions