Closing completed in connection with acquisition of Horisen Messaging in Switzerland

 

 Reference is made to the stock exchange announcement from LINK Mobility Group ASA (“LINK” or the “Company”) on 13th of December 2017 regarding the signing of a definitive agreement for the acquisition of Swiss mobile messaging business (“Horisen Messaging”) from the Swiss mobile messaging company Horisen AG.
 

LINK has today completed the acquisition of Horisen Messaging AG by acquisition of all shares. The acquisition was completed based on an agreed enterprise value of EUR 9 million, on a cash-free and debt-free basis. The enterprise value is based on a normalized EBITDA of EUR 1.8 million multiplied by a factor of 5.

In Connection with the acquisition of Horisen Messaging AG, Arild E. Hustad, CEO of LINK says: “I am really happy to announce that we have acquired Horisen Messaging the leading mobile messaging provider in Switzerland with more than 30% market share and a strong international network. We look forward to become the leading mobile messaging and solutions provider in Switzerland and to continue developing theSwiss market with existing and new services going forward.” The cash part of the transaction will be fully financed through LINK’s corporate fund and bond.

Aabø-Evensen & Co Advokatfirma AS and Ernst & Young AG, Switzerland has acted as legal advisors to LINK Mobility Group ASA in connection with the transaction.

For further information, please contact:

Arild Hustad, CEO
LINK Mobility Group ASA
arild.hustad@linkmobility.com
Mob: +47 95 24 19 30

About LINK Mobility Group ASA

LINK Mobility Group ASA is one of Europe’s leading providers within mobile communications, specialized in mobile messaging services, mobile solutions and mobile data intelligence. The Group offers a wide range of scalable services and solutions across industries and sectors due to the growing demand of digital convergence between businesses and customers, platforms and users. The Group is headquartered in Oslo/Norway and is listed on the Oslo Stock Exchange (ISIN: NO0010219702). LINK Mobility continues to experience strong organic growth with a high degree of recurring revenue as customers tend to move more business activities onto the mobile platforms. In 2016, LINK Mobility had a total turnover of 924 million NOK now with offices in Norway, Sweden, Denmark, Finland, Latvia, Estonia, Bulgaria, Germany, Spain, Poland, France, Italy and Switzerland.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Latest news

SimpleSMS logo

LINK Mobility Group ASA enters the Austrian market by acquiring Simple SMS

  LINK Mobility Group ASA (“LINK”), one of Europe’s leading and fastest growing providers of B2C mobile messaging and mobile services, has today entered into a definitive agreement for the acquisition of the Austrian mobile messaging companies Simple SMS GmbH and Simple SMS Wholesale GmbH (together “Simple SMS Group”) from the seller Christoph Holubar. Simple… Read more »

LINK Mobility to acquire Italian Totalconnect

Signing completed in connection with acquisition of Totalconnect in Italy 

    Reference is made to the stock exchange announcement from LINK Mobility Group ASA on the 22th of September 2017 regarding the signing of a term sheet for the acquisition of Italian mobile messaging company Archynet s.r.l. (“Totalconnect”). Totalconnect was established in 1998, and is located in Turin in Italy. Totalconnect has a strong… Read more »

Horisen Messaging logo

LINK Mobility Group ASA enters the Swiss market by acquiring the SMS messaging business in Switzerland currently operated by Horisen AG 

LINK Mobility Group ASA (“LINK”), one of Europe’s leading and fastest growing providers of B2C mobile messaging and mobile services, has today entered into a definitive agreement for the acquisition of the Swiss mobile messaging business (“Horisen Messaging”) from the Swiss mobile messaging company Horisen AG.   Horisen AG was established in 2001, and is… Read more »