The Finnish "Alma Media" buys the Macedonian "Employment Online"
The transaction is subject to the approval of the Commission for the Protection of Competition in the Republic of North Macedonia and it will be completed only after that approval. The two parties have agreed that the purchase price will not be disclosed, SIA, a global consulting firm for staffing and workforce solutions, announced.
The media company "Alma Media" based in Finland, which operates a number of job boards, announced that its subsidiary Alma Career has agreed to buy 70 percent of the shares in Vrabotujan online, a Macedonian online job board. Tau Online, part of Alma Media Group, already owns 30 percent of the company, so Employment Online will become wholly owned by Alma Media Group. The transaction is subject to the approval of the Commission for the Protection of Competition in the Republic of North Macedonia and it will be completed only after that approval. The two parties have agreed that the purchase price will not be disclosed, SIA, a global consulting firm for staffing and workforce solutions, announced.
"Employment.com.mk" was founded in 2003 and belongs to the Employment Group. Their classifieds page has hundreds of thousands of weekly visitors, and its employees are based in Skopje. The net sales of "Employment Online" were 500.000 euros in 2022.
The group announced that the cooperation between "Tau Online", its Croatian employment service "MojPosao" and "Vrabotujanje Grup" will allow "Vrabotujanje.com.mk" to further strengthen its market position on the Macedonian labor market.
"Alma Media is building sustainable business growth using the opportunities of digitalization: seeking, among other things, the growth of digital services and internationalization, especially in the recruitment business," said Vesa-Pekka Kirsi, Senior Vice President of Alma Career.
Alma Media has online recruitment services in 10 European countries, and most of the services are market leaders in their respective regions. In addition, we own a minority stake in a recruiting service in Serbia. We believe that the national economy of the Republic of North Macedonia will grow and the competition for the workforce will continue to intensify in the coming years," the company said.
Last month, Alma Media announced that it had sold 90 percent of the common shares it owns in the Czech Talent'em to the company's executive management. In April, Alma Media reported revenue of 75,2 million euros in Q1 2023, a decrease of 1,3 percent compared to last year.