FCR Media becomes leading local search company in the Baltic region
FCR Media Holding has purchased FR&R Invest’s 40% shareholding in FCR Media Baltics SIA, formerly Contact Holding SIA, and now has 100% ownership of the leading local search company in Estonia, Latvia and Lithuania
FCR Media Holding announced that it has taken 100% control of FCR Media Baltics SIA after purchasing 40% of the company from FR&R Invest for an undisclosed amount. FCR Media Baltics SIA becomes a wholly-owned subsidiary of FCR Media Holding. “We are excited to now have all our companies 100% owned and operating under one brand across Europe,” said Jon Martinsen Group CEO of FCR Media. “We believe our group of companies have positioned themselves for growth and that the time is right to take total ownership. Now we can execute our strategy of becoming a leading Digital Media Agency in the Baltics with support from our other operations around Europe.”
FCR Media Holding is one of the leading local search companies in Europe that includes providers of information and advertising services in Estonia, Latvia, Lithuania, Ireland, Russia, Czech Republic and Slovakia. The group’s annual revenues are EUR 50 Million and it employs close to 1.000 employees. The product range of FCR Media includes web, mobile and print marketing and advertising solutions targeted at small and medium-sized enterprises. In Estonia the group is represented by FCR Media AS, which represents brands like 1182, 1188, ee.ee, EkspressKontakt, Ärikataloog, Delovoi Spravotsnik, Export Directory, Travel Estonia and Outdoor. Among others, FCR Media AS offers a sale service also for the Delfi search engine and is the only official Premium Partner of Google Adwords in Estonia.