CLOSING COMPLETED WITH ACQUISITION OF GLOBAL MESSAGING SOLUTIONS SL (GMS)

CLOSING COMPLETED IN CONNECTION WITH ACQUISTION OF GLOBAL MESSAGING SOLUTIONS SL (GMS)

Reference is made to the stock exchange announcement from LINK Mobility Group ASA (“LINK” or the “Company”) on 19th of January 2017 regarding the signing of a term sheet for the acquisition of Spanish Global Messaging Solutions SL (“GMS”). GMS has a solid position in the Spanish market for mobile messaging services, and is particularly strong on mobile marketing and mobile multi-channel solutions.

LINK has today completed the acquisition of all issued and outstanding shares in GMS. The acquisition was completed at a revised purchase price of EUR 14.033 million paid in cash. LINK has a solid cash position due to strong cash flow from its operations and the successful private placement of NOK 125 million completed in late 2016. The cash part of the transaction will thus be fully financed through LINK’s corporate funds. LINK will through the planned acquisitions of GMS and the Spanish company Didimo announced 13 January 2017, become the leading provider of mobile messaging and mobile solutions in the Spanish market.

In relation to the acquisition of GMS, Arild E. Hustad, CEO of LINK, has the following comment: “I am really happy to announce that we have now acquired GMS in Spain. We are seeing a strong growth in the Spanish market going forward within mobile messaging and mobile solutions. As the number one player in the Spanish Market with around 40% market share we are now well positioned to continue to grow our Spanish operations and take advantage of the growing demand in the market for our services”.

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 with offices in Norway, Sweden, Denmark, Finland, Bulgaria, Germany and Spain.

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

Latest news

Søren Sundahl is new Executive VP M&A and Business Development in LINK Mobility Group

LINK Mobility Group ASA (“LINK” or the “Company”), one of Europe’s leading and fastest growing providers within B2C mobile messaging and mobile solutions, can announce Søren Sundahl as the Company’s new EVP of M&A and Business Development. Søren Sundahl will be taking charge of M&A and Business Development in LINK, supported by a competent team… Read more »

Voicecom becomes LINK

Closing completed in connection with aqcuisition of Voicecom Bulgaria

Reference is made to the stock exchange announcement from LINK Mobility Group ASA (“LINK” or the “Company”) on 30th of June 2017 regarding the signing of a term sheet for the acquisition of Bulgarian mobile messaging company Voicecom AD. Voicecom is one of the leading providers of value added mobile services in Bulgaria with a… Read more »

Norwegian Flisekompaniet AS signs LINK Mobility AS for their customer loyalty program

Flisekompaniet AS, a nationwide chain with 26 outlets in Norway specializing in tiles, natural stone and other improvement/renovation products for the Norwegian home, takes a new step towards digitalization of their customer communication. Flisekompaniet will use the LINK Mobility customer club solution to reward loyal customers by offering special offers and coupons directly through the… Read more »