LINK acquires Spanish company Net Real Solutions S.L.
The acquisition expands LINK's geographical reach in Europe and unlocks opportunities for market expansion in Spain and in Latin America, where Net Real Solutions has a significant market share.
Net Real Solutions, founded in 2001 and headquartered in Castellon, Spain, specialized in SMS marketing, email marketing, and voice services, catering to sectors such as finance, retail, technology, and services among others. Last year, Net Real Solutions sent over 2 billion SMS messages globally. In addition to offering operational and automated multi-channel communications, the company advises B2C, B2B companies, and startups on designing marketing and omnichannel communication strategies.
"As we expand our presence in Europe, this acquisition not only broadens LINK's geographical reach but also opens doors for growth in Latin America as Net Real Solutions holds a strong market position in this region, and we're excited about the opportunities this creates for our company", says Thomas Berge, CEO of LINK.
"We are thrilled to be part of Europe's leading CPaaS company, tapping into their vast expertise and resources to enhance our ability to deliver cutting-edge solutions to our clients. This collaboration opens up significant opportunities for us to expand our offerings and achieve new milestones in the enterprise communications sector", says the founders of NRS.
The transaction values Net Real Solutions at an enterprise value of EUR 9.5 million, implying an LTM EV/adj.EBITDA multiple of 6.4x excluding certain well identified synergies. Cash EBITDA expected to be similar to adj.EBITDA. The purchase price was settled fully in cash. Pending future growth, the transaction also comprises an earnout of up to EUR 1 million at a similar valuation.
For further information, please contact
Morten Løken Edvardsen, CFO & VP Investor Relations +47 90 56 15 89 ir@linkmobility.com
About LINK Mobility
LINK is an award winning, leading global provider of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has more than 50,000 active customer accounts globally and exchanges more than 17 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and follow LINK Mobility on LinkedIn.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.