Talentum Oyj
Talentum acquires Sanoma Pro’s B2B business
DGAP-News: Talentum Oyj / 21.03.2014 / 09:00 --------------------------------------------------------------------- Helsinki, Finland, 2014-03-21 09:00 CET (GLOBE NEWSWIRE) -- Talentum Oyj Press release 21 March 2014 at 10.00 a.m. Talentum acquires Sanoma Pro's B2B business Talentum acquires Sanoma Pro's B2B business as part of its Books and Legal Training segment. The business provides up-to-date digital services and training, as well as publishing business books for professionals in the fields of taxation, financial administration, law and supervisory work. The key products in the acquired business are the digital Fokus service and Verkkokirjahylly ('Online Bookshelf'). 'The product portfolio to be transferred will increase the diversity of our offering and our customer base will expand. The acquisition enables Talentum to significantly strengthen its position as Finland's leading publisher of professional content in the book and training market,' says Lasse Rosengren, Talentum's Deputy CEO. 'The strategy of Sanoma Pro is to focus on the production of learning solutions, and divesting B2B business is a part of this development. We are the leading provider of learning solutions in the Finnish market and the forerunner in development of digital solutions. We want to increase our focus on providing the best multi-channel solutions and high quality learning materials to our customers', says Anja Kahri, Director, Professional Solutions at Sanoma Pro. 'The transaction benefits all involved parties. The business operations will continue without interruption for all customers. The basic B2B services will remain unchanged,' say Kahri and Rosengren. Net sales for the business to be transferred for 2013 totalled approximately EUR 4 million. The transaction will see 24 employees transfer to Talentum as existing employees, after which Talentum's Books and Legal Training will employ 54 people. The acquired business will be transferred to Talentum approximately on 1 May 2014. For additional information, please contact: Anja Kahri, Director, Professional Solutions, Sanoma Pro, tel. +358 40 544 2346 Lasse Rosengren, Deputy CEO, Talentum, tel. +358 40 342 4204 Talentum helps professionals succeed by publishing magazines, professional literature and online services for professionals in various industries, as well as organising training and topical events. Talentum is the market leader in Finland in legal literature and ongoing training. Talentum employs about 760 people in Finland, Sweden, Denmark, the Baltic countries and Russia. Talentum Oyj's net sales totalled EUR 75.6 million in 2013. Talentum's media include i.a.Talouselämä, Arvopaperi, Fakta, Tekniikka&Talous, MPC, Tietoviikko, Tietokone, Markkinointi&Mainonta, Metallitekniikka, Tekniikan Historia, Mediuutiset, Uratie, Ny Teknik and Affärsvärlden. News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 21.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Talentum Oyj Finland ISIN: FI0009900898 End of News DGAP News-Service --------------------------------------------------------------------- 258841 21.03.2014
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