LINK Mobility Group ASA ("LINK") has entered into a definitive agreement for the acquisition of Swiss mobile messaging business("Horisen Messaging") from the Swiss mobile messaging company Horisen AG.
Horisen AG was established in 2001, and is located in Rorschach, Switzerland. Horisen Messaging has a strong position in the Swiss market and is one of the leading mobile messaging providers in Switzerland with a strong footprint delivering services to more than 175 countries globally.
The agreed enterprise value of the transaction is EUR 9 million and the purchase price will upon closing be settled partly in cash and shares in LINK.
"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 the Swiss market with existing and new services going forward." says Arild E. Hustad, CEO of LINK.
Aabø-Evensen & Co is acting as legal advisor to LINK Mobility Group ASA.
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