CV Keskus expands its presence in the Baltics by acquiring Lithuanian job marketplace cv.lt

CV Keskus, the Estonia based operator of leading job marketplaces platforms in the Baltics and part of the Swiss media group Ringier, has successfully completed the acquisition of cv.lt, Lithuania’s pioneering job marketplace founded in 1999 and specializing in white-collar jobs.

cv.lt was previously operated by the leading business media company Verslo Žinios, which is majority-owned by Swedish Bonnier News Group. 

With the acquisition, CV Keskus both expands its existing portfolio of leading job marketplaces in the Baltic States, which includes the job portals CVMarket.lt in Lithuania, CVKeskus.ee in Estonia and CVMarket.lv in Latvia, as well as its service offering specifically for Lithuanian job seekers and employers.

Povilas Kytra, CEO of CV Keskus: “With CVMarket.lt, CV Keskus currently operates a well known job marketplace in Lithuania. The integration of cv.lt into our existing network of job portals will further boost our presence in the market and significantly increase the opportunities for our clients to connect with top talent. At the same time, job seekers will have access to an even wider and more attractive range of job opportunities.” 

Axel Konjack, Head International Marketplaces and Member of the Group Executive Board Ringier AG: “With the acquisition of cv.lt, CV Keskus significantly strengthens its market position in Lithuania. By integrating both platforms, we will be able to provide an even stronger offering to candidates and employers. This move underlines Ringier AG’s growth strategy within its job marketplaces portfolio in general and its commitment to the Baltic labor markets in particular. Our goal is clear: We want to position ourselves at the top of the job marketplaces sector in the Baltics.”

Ugnius Jankauskas, Managing Director of Verslo Žinios UAB: “The decision to sell the job marketplace  portal cv.lt  was based on Verslo Žinios strategy  to consequently focus  on B2B media and other digital products that help Lithuanian businesses to increase their competitiveness. This step will allow us to focus our attention and resources on the international development of our products. I have no doubt that cv.lt, a well known brand in the Lithuanian market, will perfectly complement CV Keskus’ and Ringier’s portfolio of job marketplaces in the Baltics and that its customers will benefit from the high quality of services.”

About CV Keskus
CV Keskus is an operator of leading job marketplaces based in Estonia, owned by the Swiss media group Ringier. CV Keskus currently manages 3 popular job sites in the Baltic States: CVKeskus.ee in Estonia, CVMarket.lv in Latvia and CVMarket.lt in Lithuania. The company employs 60 dedicated people focused on the development and innovation of digital recruitment platforms.

About Ringier
Ringier is a Swiss media and technology company. The Group comprises around 140 companies in 20 countries, which operate a range of leading media brands, digital platforms, and marketplaces. More than 80 percent of the operating profit comes from its digital businesses. This makes Ringier one of the leading media companies in Europe. The family business has been based on entrepreneurship, cooperation, innovation, trust and courage for 190 years. www.ringier.com

About Verslo žinios
Verslo Žinios UAB is a Bonnier News Group company managing the business news site “Verslo Žinios”, the legal information portal “Infolex”, the corporate data portal “Rekvizitai”, the digital personnel management assistant “Bond HR” as well as  organizing various business events.