LINK Mobility Group ASA ("LINK") has entered into a term sheet agreement regarding the acquisitions of Polish mobile messaging company ComVision Sp. z o. o., providing services under the brand of SMSAPI ("SMSAPI").
SMSAPI was established in 2007. SMSAPI has 37 employees and consultants based in Gliwice in Poland. SMSAPI serves 5,800 Polish and international customers. SMSAPI has a strong presence in the Polish market and leads the market for self-service mobile messaging in Poland with a market share of more than 40%.
The purchase price is based on an estimated enterprise value of EUR 16 million and will be settled partly in cash, sellers’ credit and shares in LINK upon closing.
“This is another milestone for the development of LINK into the leading mobile messaging and solution company in Europe. This is LINK's first acquisition in Poland and the Polish market is under strong development and growth”. With this latest acquisition in Poland LINK confirms again its ambition to drive consolidation in this market the same way that we have driven consolidation in the Nordic markets," says Arild E. Hustad, CEO of LINK.
Aabø-Evensen & Co Advokatfirma AS is acting as legal advisor to LINK.
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