Zurich and Melbourne – December 2, 2022
Ringier has entered into an agreement to acquire all shares in Ringier One Africa Media (ROAM) from its co-shareholder SEEK Ltd. as well as from the two other minority shareholders Jabavu Limited and Ceatonia Limited. The closing of the transaction is subject to regulatory approval.
The acquisition underlines Ringier’s long-term commitment to the African continent and its conviction to invest in the fast-growing and ever-digitizing markets in Sub-Saharan Africa. SEEK, an Australian-based operator of online employment marketplaces, continues to strategically focus on its core markets in the Asia-Pacific region as well as in Latin America.
As Swiss-backed owner of leading digital marketplaces in Sub-Saharan Africa, ROAM operates Africa’s number one digital job marketplaces under the roof of its newly formed The African Talent Company (TATC), as well as leading real estate and horizontal platforms such as Buy Rent Kenya and Expat-Dakar (Senegal). TATC, a fast-growing division in digital recruitment, bridges the talent gap in Sub-Saharan Africa with unique, home-grown solutions and operates career development and recruitment platforms in Nigeria and Ghana under the brand of Jobberman, in Kenya and Uganda under the brand of BrighterMonday.
Axel Konjack, Head Global Marketplaces and Member of the Group Executive Board Ringier AG: “Our acquisition of SEEK’s shares is an important milestone and commitment to the strategic journey of ROAM. The takeover strengthens our long-term investment in digital marketplaces in Jobs, Recruiting, Real Estate and Horizontals in Sub-Saharan Africa. We believe in the potential of data, technology and strategic partnerships, for example with the MasterCard Foundation, to provide millions of young Africans with job opportunities. With our great teams on the ground and our engineering Hub in Cape Town, South Africa, we have a robust set-up for the next phase of growth and digitization jointly with our customers.”
Ronnie Fink, Managing Director Corporate Development at Seek Investments: “In 2016, we played a key role in supporting the financing of One Africa Media into the newly formed African Classifieds joint venture Ringier One Africa Media (ROAM) together with Ringier and Tiger Global Management. ROAM Jobs has positioned itself successfully for the future with The African Talent Company and the expansion of its mandate to include offline recruitment, outsourcing and e-learning to develop the Subsaharan-African recruitment market. While SEEK’s exit supports its current investment focus, we continue to believe in ROAM’s future on the African continent.”
Corporate Communications, Ringier AG, +41 44 259 64 44, firstname.lastname@example.org
This press release is available for download on: www.ringier.com
SEEK is a diverse group of companies, comprised of a strong portfolio of online employment, educational, commercial and volunteer businesses. SEEK makes a positive contribution to people’s lives on a global scale. SEEK is listed on the Australian Securities Exchange, where it is a top 100 company. In 2022, SEEK was recognised as one of Australia’s Top Ten Places to Work in Tech in the AFR BOSS Best Places to Work awards. This year, SEEK celebrates 25 years of helping Australians live more fulfilling and productive working lives. www.seek.com.au
Ringier is a Media- and Technology Company – Swiss by nature. The Group includes over 130 companies operating numerous leading media brands, digital platforms and marketplaces. Ringier addresses every walk of life and touches the lives of millions of people – every day in 18 countries. 73 percent of operating profit comes from the digital sector. This puts Ringier in the group of leading European media companies. The family-owned enterprise believes in entrepreneurship, collaboration, innovation, trust and courage for nearly 190 years. In a world that’s becoming ever more complex and challenging, Ringier`s mission is to keep interest alive and to ensure that customers, users or readers never lose sight of what connects them: We create interest in the world around you – and beyond. www.ringier.com