|
|||
2011-08-09 15:20:00 CEST 2011-08-09 15:20:06 CEST REGULATED INFORMATION Talentum Oyj - Company AnnouncementTALENTUM SELLS SVERIGE BYGGER AND NORGE BYGGES COMPANIESHelsinki, Finland, 2011-08-09 15:20 CEST (GLOBE NEWSWIRE) -- Talentum Oyj Company Announcement August 9, 2011 at 4.20 pm TALENTUM SELLS SVERIGE BYGGER AND NORGE BYGGES COMPANIES Talentum sells Sverige Bygger AB in Sweden and Norge Bygges AS in Norway. The seller is Talentum's Swedish subsidiary Talentum Business Information Group AB (TBIG) and the buyer is DOCU Group Sweden AB. The purchase price is paid in whole in cash on the ownership transfer date August 9, 2011. The enterprise value is approximately EUR 12 million and purchase price approximately EUR 15.2 million, paid in cash. This will result in capital gain of approximately EUR 7 million for Talentum on the third quarter of 2011. The transaction is estimated to reduce Talentum Group's net sales by EUR 3.6 million for the remainder of the year. Excluding capital gains, the transaction will not have significant effect on Talentum's 2011 operating income for the remainder of the year. Talentum acquired Sverige Bygger AB and its subsidiary Norge Bygges AS on December 30, 2009. The enterprise value was EUR 4.7 million and purchase price EUR 7.5 million. The companies produce and sell information and marketing services for the construction sector in Sweden and Norway. They employ 77 persons in Sweden and 8 persons in Norway. The net sales of the companies for 2011 are estimated to be approximately EUR 8.4 million, EBITDA approximately EUR 1.0 million and operating income after amortization of purchase price allocations (EBIT) EUR 0.4 million. ”Talentum acquired construction business information provider Sverige Bygger AB at the end of 2009, aligned with Talentum's strategy. Already then it was assessed that sector consolidation in the Nordics could be a favourable outcome for all actors in the industry. Sverige Bygger and Norge Bygges have developed favourably in Talentum and even exceeded expectations. However, having received an attractive offer we decided to sell the companies”, comments Talentum CEO Juha Blomster. ”Talentum publishes media products and services as well as information services targeted at professionals through multiple channels according to customers' needs, and online business information continues to be a core business area for Talentum”, emphasizes Juha Blomster. ”We have observed the positive development of Sverige Bygger AB and Norge Bygges AS in Talentum Group. To provide up-to-date and comprehensive construction information requires continuous investment and development, therefore combining forces in this sector makes sense and we decided to propose this transaction to Talentum. I am confident that in DOCU Group the positive development will continue and that this transaction will be beneficial for both customers and employees”, comments DOCU Group Deutsche Holding GmbH CEO Peter Schmitz. ”I am convinced that the positive trend that we have seen in Sverige Bygger and Norge Bygges will continue in DOCU Group, and I would like to take this opportunity to personally thank the employees for their contribution within Talentum Group”, says CEO Juha Blomster. Talentum Oyj Juha Blomster CEO Additional information Talentum: CEO Juha Blomster, tel +358 40 342 4444 DOCUgroup: Head of Corporate Communications and Marketing Barbara Richter, tel +49 30 3974 5533 Distribution NASDAQ OMX Helsinki Principle media Talentum Talentum focuses on publishing media, professional literature and business information for professionals in various industries as well as organising topical training and events. Talentum's net sales in 2010 totalled EUR 81 million, and the company has some 800 employees in the Nordic and Baltic countries. Talentum Oyj's shares are listed on the NASDAQ OMX Helsinki. www.talentum.com DOCUgroup Docu Group Deutsche Holding GmbH (DOCUgroup) is a company owned by GMT Communications Partners - a European TMT-focused private equity group. DOCUgroup is an international group of media and business information companies for the building industry, and one of Europe's leading providers of specialised information for the architecture, construction and real estate sectors. With its B2B and B2C services and media DOCUgroup provides current information regarding private and public construction projects, building products, investment projects, subsidies, industry news and news from the world of architecture. With more than 100,000 B2B and B2C contacts every single day the on- and offline media and events are important sources of information and marketing instruments for all involved in the construction market. Alongside its bundled media and professional services DOCUgroup offers target group orientated communication solutions. DOCUgroup also owns the leading on- and offline services for construction project and product information as well as the specialised media for the construction industry in Germany and neighbouring European countries such as Sweden, Norway, Finland, Denmark, Switzerland, Austria, and Czech Republic. www.docugroup.info Sverige Bygger, Norge Bygges Sverige Bygger AB provides business information and marketing tools for the construction industry and sells the e-services online. Norge Bygges AS provides similar business services in Norway. The combined net sales of the companies total approximately EUR 8.4 million and they employ 85 persons, of them 77 in Sweden and 8 in Norway. www.sverigebygger.se www.norgebygges.no This company announcement has been published in Finnish and translated into English. In case of any discrepancy between the versions, the Finnish version shall prevail. |
|||
|