LINK Mobility Group ASA ("LINK") has entered into a definitive agreement for the acquisition of French mobile messaging company Netmessage SARL ("Netmessage").
Netmessage was established in 2006, and is located in Paris, France. Netmessage has a strong position in the French market and is one of the leading mobile messaging and marketing providers in France and has launched many new services within this space over the last years.
The purchase price is based on an estimated enterprise value of EUR 9.9 million and will be settled in cash, of which 1/3 will be settled by delayed payment in form of in sellers’ credit and escrow.
"I am glad to announce that we have taken our first step into the French market through the acquisition of Netmessage. This is a big European market experiencing strong growth and demand for advanced mobile messaging and solutions services. Netmessage has a strong customer base of more than 700 enterprise customers in France, and we see a good potential to grow the customer base in France through increased penetration of our existing and new services. LINK has now grown its customer base in Europe through organic growth and acquisitions over the last twelve months from 6,000 to more than 16,000 customers." says Arild E. Hustad, CEO of LINK.
Aabø-Evensen & Co is acting as legal advisor to LINK Mobility Group ASA.
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