14 October 2011 | In the news
The Swedish media company Bonnier (est. 1804) has bought the Finnish WSOY (Werner Söderström Corporation, est. 1878) publishing company, formerly owned by the now multinational Sanoma Corporation. Bonniers’s learning materials in Finland and Sweden were simultaneously bought by Sanoma.
Leena Majander-Reenpää, former managing director of Otava Publishing Company (est. 1890; she resigned from her job last year), is the new vice CEO responsible for the publishing programme and foreign rights at WSOY.
Anne Valsta, CEO of the Tammi Publishers, (est. 1943, also owned by Bonnier since 1996) is also the CEO of the new WSOY.
The president of the Swedish Bonnierförlagen AB, Jacob Dalborg, will be the Chairman of the Boards of both Tammi and WSOY; he says both will continue as independent companies.
Bonnier operates in 17 countries and employs more than 10,000 people. WSOY last year shed 40 jobs and now employs some 100 people.