Alma Media Oyj (HLSE:ALMA) signed an agreement to acquire Nettix Oy from Otava Oy for an enterprise value of €170 million on March 5, 2021. The purchase price will be paid in cash and Alma Media will finance the transaction fully with debt and has signed with OP Yrityspankki Oyj a committed bridge financing facility of €220 million, which will fall due no later than 18 months after the acquisition has been completed. Alma Media's net debt was €9.1 million on December 31, 2020. As a result of the Nettix acquisition, Alma Media's net debt is expected to increase by €170 million. The acquisition will have a positive effect on earnings per share. The effect in earnings per share will be around EUR 0.05 for the full year. In 2020, the acquired business had revenue of €22.5 million, EBITDA of €11.2 million and operating profit of €10 million. The acquisition is expected to take place in the turn of March and April 2021. Avance Attorneys Ltd. acted as legal advisor to Alma Media. Jon Unnérus, Johanna Lilja, Johanna Flythström and Christian Wik of Roschier, Attorneys Ltd. acted as legal advisor to Otava. Advium Corporate Finance Oy acted as financial advisor to Alma Media Oyj. Nordhaven Corporate Finance acted as financial advisor to Alma Media.

Alma Media Oyj (HLSE:ALMA) completed the acquisition of Nettix Oy from Otava Oy on April 1, 2021. A total of 39 Nettix Oy's employees will transfer to Alma Media as of April 1, 2021. Nettix will be reported as part of the Alma Consumer business segment, starting from Q2 2021.