Ringier Axel Springer Media has reached an agreement to acquire the job portal www.profession.hu. The company says the 12 year-old site is the “leading job portal in the country with the highest volume of online traffic among job portals”. The portal was established in 2002.With 489,000 unique users (Gemius Jan-Mar 2014, without mobile traffic data), Profession.hu is the leading job portal in the country with the highest volume of online traffic among job portals. The portal, which was established in 2002 is being sold by the Hungarian finance investor Central Group Media Holding Kft.
Mark Dekan, CEO of Ringier Axel Springer Media AG: “The acquisition of Profession.hu is an important step towards expanding our digital portfolio. Profession.hu is the profitable market leader and will ideally supplement our portfolio of online classified advertising markets.”
The current head of the portal, István Martis, will become CEO of Profession.hu.
The completion of the transaction concerning Profession.hu is subject to approval by the relevant antitrust authorities.
Furthermore the Hungarian activities of Ringier AG and Axel Springer SE will be incorporated into Ringier Axel Springer Media AG over the next few weeks now that approval has been granted by the responsible antitrust authority.