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2009-12-30 14:15:00 CET 2009-12-30 14:15:02 CET REGULATED INFORMATION Talentum Oyj - Company AnnouncementTALENTUM ACQUIRES CONSTRUCTION BUSINESS INFORMATION COMPANIES IN SWEDEN AND NORWAYTalentum Oyj Stock Exchange Release December 30, 2009 at 15.15 pm TALENTUM ACQUIRES CONSTRUCTION BUSINESS INFORMATION COMPANIES IN SWEDEN AND NORWAY Talentum Oyj (“Talentum”) has today agreed on the acquisition of the entire share capital of Sverige Bygger Ab and Norge Bygges Ab (“The Companies”). The seller is Bisnode Ab in Sweden. The enterprise value is EUR 4,7 Million and the purchase price is EUR 7,5 Million. The purchase price will be paid in cash upon signing. In addition the deal includes a contingent purchase price element that is dependent on the profitability development of The Companies during 2010 - 2011. The acquisition has no effect on Talentum's financial result during 2009. The Companies have a combined projected annual revenue of EUR 6,3 Million in 2009. Approximately one quarter of the revenue originates from Norway and the rest from Sweden. The Companies are profitable and they employ 85 people. The Companies are market leading providers of high quality and user-friendly information and marketing services for the construction industry. Via daily market surveys, The Companies gather and provide detailed information about developments in the construction industry, including construction projects, construction companies, tenders and procurements. The Companies also offer their customers historical data about both construction projects and construction companies dating back to 1994. “The Companies have been successful businesses for Bisnode with driven sales staff and continuous positive product development in a true entrepreneurial spirit. It is the lack of significant synergies with Bisnode's other operations which has motivated our decision to sell. With the new owners, the Companies will have opportunities for exciting ongoing development,” says Johan Wall, CEO of Bisnode. “This acquisition is consistent with Talentum's strategy by strengthening our capabilities in the area of information services. We already publish in Sweden Byggvärlden magazine for professionals in construction industry and Ny Teknik magazine for professionals in engineering industry. This acquisition will enable us to serve the construction industry professionals even better. The acquisition also supports our internationalization strategy. Over 80 % of the Companies' annual revenue originates from online subscription fees which makes Talentum more independent of advertisement revenues,” comments Juha Blomster, CEO of Talentum Group. TALENTUM OYJ Juha Blomster CEO Further information: Juha Blomster, CEO Talentum Oyj, tel. +358 40 342 4444 Kaisa Kokkonen, CFO, Talentum Oyj, tel. +358 40 342 4212 DISTRIBUTION NASDAQ OMX Helsinki Principal media |
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