Sanoma Corporation, Investor News, 20 January 2025 at 14:15 EET
Sanoma acquires secondary education learning materials from Finnish Edita
Sanoma has acquired a portfolio of learning materials for secondary and vocational education from Finnish publisher Edita Oppiminen Oy, subsidiary of Edita Group, who has made a decision to discontinue its learning material publishing business. The acquired product offering complements Sanoma’s current product portfolio for secondary and vocational education in Finland. The acquisition is in-line with Sanoma’s strategy to grow its K12 learning business in the current operating countries for example by widening its product offering.
Sanoma continues as a publisher for the acquired learning material portfolio. Edita’s services to teachers and students, including access to digital content, will continue without interruption at least during the ongoing school year.
In 2024, pro forma net sales of the acquired portfolio amounted to approx. EUR 4 million. No employees will be transferring from the seller to Sanoma with the transaction.
Additional information
Kaisa Uurasmaa, Head of Investor Relations and Sustainability, tel. +358 40 560 5601
Sanoma
Sanoma is an innovative and agile learning and media company impacting the lives of millions every day. Our Sustainability Strategy is designed to maximise our positive ‘brainprint’ on society and to minimise our environmental footprint. We are committed to the UN Sustainable Development Goals and signatory to the UN Global Compact.
Our learning products and services enable teachers to develop the talents of every child to reach their full potential. We offer printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education, and want to grow our business.
Our Finnish media provide independent journalism and engaging entertainment also for generations to come. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners.
Today, we operate across Europe and employ close to 5,000 professionals. In 2023, our net sales amounted to approx. 1.4bn€ and our operational EBIT margin excl. PPA was 12.6%. Sanoma shares are listed on Nasdaq Helsinki. More information is available at sanoma.com.
