Warner Music Nordic has acquired the multi-faceted Helsinki Music Company, a Finnish firm with operations in recorded music, merchandising, music publishing and touring.

With immediate effect, HMC becomes a wholly-owned division of Warner Music Finland. Financial details were not disclosed.

The deal, unveiled today, follows the appointments of HMC founders Niko Nordström and Asko Kallonen as GM and A&R director of Warner Music Finland, respectively, in October. At that time, Warner Music Nordic president Jonas Siljemark claimed the two executive appointments ushered-in the company's shift toward a 360-degree business model.

"This strategic acquisition," comments Siljemark in a statement today, "will bolster our A&R capabilities and add some of Finland's biggest names to Warner Music's already admirable local roster." The agreement, he adds, will "accelerate our ability to partner with our artists on a broader basis."

Nordström will continue to run HMC in his new role, reporting to Siljemark.

HMC's current roster includes Finland's most of biggest breakthrough acts of recent years, such as HIM, Sturm Und Drang, Antti Tuisku and Tomi Putaansuu from 2006 Eurovision Song Contest winner Lordi.

In today's statement, John Reid, president, Warner Music Europe, described the acquisition as an "important investment" and "another key step towards the re-definition of Warner Music's role in the music value chain across the region."

Warner Music's Finnish purchase is the latest in a growing list of international acquisitions and partnerships over the past year, including alliances in Japan, South Korea, Russia, China, Continental Europe, the Middle East, Africa and Latin America.