Alma Media acquires Edilex Lakitieto Oy's share capital
Alma Media Corporation Press Release 3 February 2025
ALMA MEDIA ACQUIRES EDILEX LAKITIETO OY'S SHARE CAPITAL
Alma Media has acquired the entire share capital of Edilex Lakitieto Oy from Edita Group Oyj. The business will be reported as part of the Alma Marketplaces segment from February 1, 2025.
The acquisition will expand Alma Media's legal content offering.
The pro forma revenue of the acquired business was approximately eight million euros in 2024. The parties have agreed not to disclose the purchase price.
Edilex Lakitieto Oy provides the Edilex legal information service, a comprehensive resource for legal professionals in Finland. Edilex integrates key legal sources and background materials into an extensive legal information platform. It features a comprehensive and up-to-date legal database linking statutes, case law, legislative history, and other legal materials, along with a dedicated legal news service. The offering also includes various online services, legal training, and a wide selection of legal literature, books, and collections. Edilex Lakitieto Oy serves as a service provider for the evolving Finlex service, a public legal information platform owned by the Finnish Ministry of Justice.
Edilex Lakitieto Oy will become part of the Legal Insights unit within the Alma Marketplaces segment. The unit offers comprehensive digital legal information services for professionals in Finland. Its key services include the Finnish law search service Suomen Laki and the largest digital library of domestic legal literature, Verkkokirjahylly. In addition to online services, the offering includes legal training and a wide range of legal literature and law books.
As a result of the acquisition, the 51 employees of Edilex Lakitieto Oy will transfer to Alma Media's employment.
"Edilex Lakitieto seamlessly enhances the service offering of the Alma Legal Insights unit. Together, we provide Finland's most comprehensive legal content while strengthening our focus on developing digital platforms and improving user experience. We remain committed to being the preferred partner for authors and lecturers in publishing legal content. Our mission stays the same: to help lawyers and other legal professionals stay up to date and simplify their daily work with effective tools," says Santtu Elsinen, EVP of Alma Marketplaces.
For more information:
Santtu Elsinen
EVP, Alma Marketplaces
Tel. 010 665 2833