Alma Media Oyj: Alma Media acquires a stake in online travel service
Alma Media CorporationPress Release19 February 2014 at 11:45 a.m.
ALMA MEDIA ACQUIRES A STAKE IN ONLINE TRAVEL SERVICE RANTAPALLO OY
Alma Media has acquired 35 per cent of the share capital of leading online
travel service Rantapallo Oy. The shares were acquired from TukTuk Media Oy
and Verkossa Media Oy. Alma Media also has the opportunity to increase its
ownership in the company. The parties have agreed to not make the transaction
Rantapallo.fi is a comprehensive online travel service established in 2007 to
provide information, inspiration and services to online readers interested in
travel and tourism. Rantapallo has an average of approximately 208,000 unique
visitors per week.
The shareholding in Rantapallo supports Alma Media's strategy of pursuing
growth particularly by expanding the Group's digital service offering. Travel
is the largest product category in Finnish online retail, and it is still
seeing continuous growth. Travel companies have also substantially increased
their focus on online media.
"Travel is one of the fastest industries to make the shift to digital. Many
Finns search for travel-related information online and also buy their trips
online.The partnership between Alma Media and Rantapallo Oy provides an
opportunity to accelerate the growth of the business and increase the number
of visitors," says Minna Nissinen, Senior Vice President of Alma Diverso.
Rantapallo will be reported as an associated company of Alma Media under the
Digital Consumer Services segment as of the first quarter of 2014. The
partnership with Rantapallo is managed by Alma Media's digital service and
development unit Alma Diverso.
Alma Media will close its online travel service NytMatkaan.fi and its users
will be redirected to Rantapallo.fi in the future. The online service
Rantapallo.fi is located at www.rantapallo.fi.
Minna Nissinen, Senior Vice President, Alma Diverso, tel. +358 40 766 6726
Alma Media in brief
Alma Media is a media company 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 Baltic States
and Central Europe. The company employs approximately 1,965 professionals
(excluding distributors), of whom approximately one third are based outside
Finland. Alma Media's revenue in 2013 totalled approximately MEUR 300. Alma
Media's share is listed on NASDAQ OMX Helsinki. Read more at
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Alma Media Oyj via Globenewswire
Press spacebar to pause and continue. Press esc to stop.