Alma Media Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Alma Media Oyj Divests Online Marketplace for Heavy Machinery Mascus
Alma Media Oyj announced that has decided to sell Mascus, an electronic marketplace for trucks, heavy machinery and equipment. The Company is selling Mascus to its Benelux license partner Mascus International BV, which is backed by Vortex Capital Partners, a venture and expansion capital firm focused on technology companies. The pre-tax value of the asset transaction is EUR 11 million and Alma Media will record a non-recurring profit of approximately EUR 7.5 million on the sale in its result for the second quarter of 2013. Mascus earned a total revenue of EUR 5.1 million in 2012. Mascus serves as an online marketplace for construction machines, farm machinery, forestry, material handling and groundscare equipment and transportation vehicles. The business has approximately 30 employees and 35 license partners.
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