Tamedia and Olmero establish strategic partnership

The Swiss media company Tamedia and Olmero are entering into a strategic partnership. Effective December 11, 2009, Tamedia will acquire a 20 percent stake in Olmero.

There is a possibility that Tamedia will increase its stake to more than 51 percent by 2013. Tamedia wrote this in a press release on Wednesday. An important goal of this partnership is the joint expansion of Renovero.ch into the leading Swiss platform for trade and service contracts. Olmero has been offering private homeowners, tenants and property managers the opportunity to find suitable tradesmen on this platform since 2007. Clients can use the platform to obtain free quotes from a pool of more than 6,000 qualified construction and trades companies and compare offers. Olmero's other business areas include virtual project rooms to improve collaboration in construction projects and a document printing service.
The parties have agreed not to disclose details of the partnership.

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