We have advised Alma Media, a Helsinki-listed media group focusing on digital services and journalistic content, on its acquisition of Nettix Oy.
Alma Media Corporation acquired Nettix, the leading marketplace for motor vehicles in Finland, from Otava Group. The acquisition of Nettix Oy is a continuation of Alma Media’s strategy that concentrates on digital media and services. Nettix will strengthen Alma Media’s position in the marketplace business in Finland, especially in automotive and mobility services.
The enterprise value of the business operations to be acquired is €170m.
