Alma Media acquires a minority stake in recruiting service in Macedonia

Alma Media’s Tau on-line acquires a minority stake in the leading online recruiting service in Macedonia

Alma Media’s Croatian subsidiary Tau online has today agreed to acquire a stake of 30 per cent of the share capital in Vrabotuvanje Online, the leading online recruitment service in Macedonia. The Macedonian job site, Vrabotuvanje.com.mk, was founded in 2003 and is a part of the Vrabotuvanje Group. The job site has approximately 370 000 visitors per week. It employs 11 persons in Skopje. The revenue of Vrabotuvanje Online is expected to amount to approximately MEUR 0.2 in 2017. The parties have agreed not to publish the price of the transaction.

The partnership between Tau online, it’s Croatian online service MojPosao, and Vrabotuvanje Group will enable further development of the strong market position of Vrabotuvanje.com.mk in the Macedonian labor market.

Alma Media’s strategy is to create sustainable growth, making use of digitisation opportunities in its business operations: seeking growth for example from digital services and internationalising its operations, especially in the recruitment sector. Alma Media has recruitment services in ten European countries and most of the online recruitment business operations are market leaders in their respective areas. In addition, Alma Media has minority stakes in recruitment services in Bosnia-Herzegovina and Serbia.

Making recruitment more international

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.