Alma Media Expands Legal Content Portfolio with Acquisition of Edilex Lakitieto Oy

Alma Media Expands Legal Content Portfolio with Acquisition of Edilex Lakitieto Oy

(IN BRIEF) Alma Media has acquired Edilex Lakitieto Oy from Edita Group Oyj, a move that will expand its legal content offerings. The acquisition, effective February 1, 2025, brings the Edilex legal information service under Alma Marketplaces. Edilex Lakitieto Oy, which generated approximately eight million euros in pro forma revenue in 2024, offers an extensive legal database, including statutes, case law, and legislative history, along with services like legal news and online training. The company also contributes to the Finlex platform, a public legal resource owned by the Finnish Ministry of Justice. As part of the acquisition, 51 employees from Edilex Lakitieto Oy will join Alma Media. Santtu Elsinen, EVP of Alma Marketplaces, highlighted that this move strengthens their ability to provide comprehensive legal content and improve digital platforms for legal professionals in Finland.

(PRESS RELEASE) HELSINKI, 3-Feb-2025 — /EuropaWire/ — Alma Media has acquired Edilex Lakitieto Oy from Edita Group Oyj, taking full control of its share capital. Starting February 1, 2025, the business will be integrated into Alma Marketplaces’ operations. This acquisition marks a significant expansion in Alma Media’s portfolio, particularly in the legal content space.

The acquisition is expected to further bolster Alma Media’s legal services, with Edilex Lakitieto Oy generating approximately eight million euros in pro forma revenue for 2024. While the purchase price remains undisclosed, this move will enhance Alma Media’s offerings to legal professionals in Finland.

Edilex Lakitieto Oy operates the Edilex legal information service, an essential tool for Finnish legal professionals. The platform consolidates a wide range of legal resources, including statutes, case law, legislative history, and other key materials. It also offers legal news, online services, legal training, and an extensive library of legal literature, books, and collections. Edilex serves as a key provider for Finlex, the public legal platform owned by the Finnish Ministry of Justice.

Following the acquisition, Edilex Lakitieto Oy will become part of Alma Marketplaces’ Legal Insights unit. This unit provides an array of digital legal information services, including the Finnish law search service, Suomen Laki, and Verkkokirjahylly, Finland’s largest digital legal library. The unit also delivers legal training and access to various law books and legal literature.

With the acquisition, 51 employees from Edilex Lakitieto Oy will join Alma Media.

“Edilex Lakitieto strengthens our Legal Insights unit, enhancing our ability to offer the most comprehensive legal content in Finland. This acquisition aligns with our goal to improve digital platforms and provide tools that simplify the work of legal professionals. We remain dedicated to supporting authors and lecturers in the legal field, helping them stay current and effective,” said Santtu Elsinen, EVP of Alma Marketplaces.

Alma Media in brief

Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Jobly, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.

Alma Media operates in 11 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 305 million in 2023 of which the share of digital business was 82%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.

Media Contact:

Santtu Elsinen
EVP, Alma Marketplaces
Tel. 010 665 2833

SOURCE: Alma Media