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Finland – Alma Media acquires job boards across Eastern Europe

16 November 2012

Finland-based Alma Media Corporation has acquired a number of online recruitment assets in the Slovakian and Croatian markets, and minority stakes of job portals operating in Serbia and Bosnia, the company reported on Thursday.

Alma Media last year made sales of €316.2 million and offers digital recruitment services in Finland, the Baltics and Eastern Europe. The acquisitions strengthen the company’s recruitment service offering in the region and forms part of its strategy to expand international operations.

“Acquiring these portals in Slovakia and its neighbouring countries makes Alma Media the clear market leader in online recruitment services in the region. This is an excellent continuation to our acquisitions of LMC in the Czech Republic and CV Online in the Baltic countries earlier this year,” said Raimo Mäkilä, senior vice president of Alma Media's Marketplaces business unit.

Alma Media acquired the Eastern European job portal assets of A&N Media Limited, a fully-owned subsidiary of Daily Mail and General Trust Plc for a transaction price of €24 million on an enterprise value basis. This will be funded by using existing credit facilities.

It acquired the largest assets in Profesia s.r.o., a leading recruitment service provider in Slovakia with operations in the Czech Republic and Hungary. Alma also bought the Croatian job portal Tau on-line d.o.o. which operates via moj-posau.net. 

Alma has additionally taken a 25% ownership stake in Infostud 3 d.o.o., operating a recruitment portal in Serbia, and a 30% ownership stake in job portal Development Studio d.o.o. which operates in Bosnia and Herzegovina.

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