Group Milestones

2017

In August 2017 Suomalainen Kirjakauppa Ltd acquired the stock of Kirja-Kärkkäinen Oy. Three of Kirja-Kärkkäinen stores will continue as Suomalainen Kirjakauppa stores.

2016

In October 2016 Otava Publishing Company acquired the stock of Publishing Company Nemo.

Otava New Businesses Ltd was demerged from Otavamedia Oy in May 2016. The new company owns NettiX Oy and Ampparit Oy.

2015

In 2015 a new unit called Otavamedia OMA was formed in the Magazines division.  The new unit one of the leaders in its sector, offering companies, associations and public sector actors content marketing services in print, online, newsletter and videos together with social media, media communication and webcast services.

Otavamedia acquired the book clubs of Bonnier Books Finland and they were merged with the Great Finnish Book Club.

Otava Publishing Company Ltd. acquired F-Publishing Ltd. F-Publishing Ltd is the leading music print publisher in Finland.

2014

Otava Publishing Company Ltd acquired the majority share of Kustannusosakeyhtiö Moreeni. Moreeni is a Finnish publisher of non-fiction and fiction. The main publishing areas are home, food, crafts and hobbies, popular history and sciences, architecture and wood buildings.

Henrik Ehrnrooth was elected chairman of the Board of Directors of Otava Group and Olli Reenpää and Jorma Ollila vice-chairmen.

2012

Nettix Oy acquired the majority share of Ampparit Oy. Ampparit is an online business development company founded in 2007, which will strengthen Otavamedia’s range of media sales and customer communications solutions.

2011

The Group invests in digital knowhow and retail business of books. Otavamedia Ltd. purchased DeCo Media Ltd. to strengthen customer magazine unit. Otava Ltd. purchased Suomalainen Kirjakauppa Ltd.

2010

The new organisation of the Group comes into operation on 1 April 2010. Olli Reenpää is elected chairman of the Board of Directors and Alexander Lindholm is appointed managing director of the Group. Otava Books and Magazines Group Ltd becomes Otava Ltd and United Magazines Ltd becomes Otavamedia Ltd.

The Great Finnish Book Club was merged with Otavamedia Ltd.

2007

United Magazines Ltd purchases a controlling interest in Suomen Golfpiste Oy.

2006

The Group invests in online business by acquiring NettiX Oy.

2005

Viestintätoimisto Sanakunta Oy, which is located in Turku, becomes a subsidiary of Kynämies Ltd. The production of the Sonera Plaza portal content is transferred to Kynämies. Otava acquires the publishing operations of Like, which becomes a subsidiary. The Viva magazine is established.

2004

The privatisation of Otava that started in 1991 is completed. The Group is wholly owned by the Reenpää family and the Otava Book Foundation.

2003

United Magazines Ltd sells the Media-matkat travel agency.

2002

All capital loans are paid off. The subsidiary Kynämies Ltd becomes wholly owned by United Magazines Ltd.

Tauno Matomäki is elected chairman of the Board of Directors and Olli Reenpää is appointed managing director of the Group. Antti Reenpää is appointed managing director of Otava Publishing Company Ltd.

2001

Kynämies Ltd takes on the publication of Kesko’s Pirkka customer magazine after a business deal. The Alma Media Ltd stock is sold. Otava buys the Ex Libris book club from Tammi and Gummerus. The operations in Keuruu are divided into printing house operations and ownership of residential areas (Otavanmäki Oy).

2000

The publishing operations are incorporated as Otava Publishing Company. The name of the Group parent company changes to Otava Books and Magazines. The Rautakirja Ltd stock is sold to Kesko Ltd. United Magazines Ltd purchases a controlling interest of Kynämies Ltd, a publisher of customer magazines.

1999

The printing operations are incorporated as Otava Book Printing Ltd. An agreement is signed on logistics co-operation with Kirjavälitys Oy, which becomes an associated company. Acta Print Oy sells its magazine printing houses and business to the Edita Group.

1998

Otava Books and Magazines Group is established on 1 September. Otava redeems WSOY’s 50% interest in the joint ownership companies United Magazines Ltd, The Great Finnish Book Club Ltd, and Acta Print Oy. The sale price (over 700 million Finnish marks) is mostly financed by capital loans (400 million Finnish marks).

1991

Privatisation of Otava begins, taking the company from listed to unquoted status.

1982

Otava’s rotogravure printing moves to the new printing house in Kivenlahti, Espoo.

1979

Heikki A. Reenpää is elected chairman of the Board of Directors of Otava Publishing Company and Olli Reenpää is appointed managing director.

1969

Otava, WSOY, and Tammi establish the Great Finnish Book Club Ltd.

1968

Kari Reenpää dies in tragic circumstances. Erkki Laurila is elected chairman of the Board of Directors of Otava Publishing Company, Heikki A. Reenpää is appointed managing director and Olli Reenpää vice managing director.

1956

Heikki Reenpää is elected chairman of the Board of Directors of Otava Publishing Company and Kari Reenpää is appointed managing director.

1955

The new printing house and residential area are completed in Keuruu; printing operations move there gradually.

1945–1991

Otava Publishing Company operates as a listed company.

1938

Alvar Renqvist is elected chairman of the Board of Directors of Otava Publishing Company and Heikki Reenpää is appointed managing director.

1934

Otava and WSOY merge their magazines to establish United Magazines Ltd. Lauri Jäntti of WSOY is elected chairman of the Board of Directors and Jorma Reenpää is appointed managing director.  The first joint product was the Seura magazine.

1924

The extension of Otava’s office building is completed in lot No. 8 in Uudenmaankatu.

1920

The first rotogravure printing press in Finland starts to print Suomen Kuvalehti at Otava’s printing house in Hietalahdenranta. Rotation printing was renewed in 1928.

1919

Kirjavälitys Oy is established by Otava and other publishers and book sellers.

1916

Otava starts publishing the Suomen Kuvalehti magazine.

1910

Rautatiekirjakauppa Oy, later Rautakirja Ltd, was established at the Otava office. Owners include the largest Finnish book and magazine publishers.

1906

Otava’s office building, the granite castle in a national romantic Art Nouveau style, was completed in Uudenmaankatu 10. The building was designed by architects Karl Lindahl and Valter Thomé. Otava commenced its printing operations two years later when the extension housing the type house, printing press, and bindery was completed on neighbouring lot No. 12.

1890

Otava Publishing company was established after proposal by Eliel Aspelin and Hannes Gebhard in a meeting at the Arkadia theatre in May. The nation needed a new publishing company, to bring together material and human capital.

A total of 230 persons were founder shareholders. The cultural objective of the new company was to elevate and spread Finnish national literature. The company wanted to have reasonably priced books and, at the same time, build a solid financial foundation for the whole business. Founder shareholder Alvar Renqvist was appointed managing director in 1893, and he continued to develop the company.