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LINK Mobility Group acquires Tismi B.V in the Netherlands for EUR 20 million

Posted on February 12, 2021February 12, 2021
LINK Mobility Group acquires Tismi B.V in the Netherlands for EUR 20 million 1

OSLO: LINK Mobility Group Holding ASA has entered into a definitive agreement for the acquisition of the Dutch CPaaS enabler Tismi B.V at an enterprise value of EUR 20 million.

Tismi was established in 2008 in the Netherlands and is today headquartered in Bunnik, Netherlands.

Tismi is a provider of telecommunication services and products and holds licensed operator status in 8 European countries. The company’s main business comprises of providing virtual mobile phone numbers, smart traffic routing and signaling services to Enterprise customers and CPaaS providers.

“I’m very happy to announce the acquisition of Tismi, a company which will enable LINK to further expand our CPaaS offering, providing more high valued services to our global customer portfolio of more than 40,000 customers”, says Guillaume Van Gaver, CEO of LINK.

“Our acquisition by LINK is a significant step into a new chapter for Tismi. Over the years, we have proven ourselves to be an innovative business partner with top of the class technical capabilities and unique positioning with our mobile services. We are thrilled about joining forces with LINK and the opportunity to grow together into new markets. Our joint customers strongly benefit from advanced service offerings, enhanced infrastructure and team to address the needs of a highly dynamic CPaaS and mobile market”, says the management team of Tismi.

The transaction values Tismi at an enterprise value of EUR 20 million. Upon completion of the transaction, the purchase price will be settled partly with cash, sellers’ credit and shares in LINK.

The consideration shares will be subject to customary lock-up for a 6-month period after closing of the transaction. The transaction is subject to customary conditions for completion, including regulatory approvals. The transaction is planned to close during Q1 2021.

AGP Advokater and DLA Piper acted as legal advisor and EY acted as financial and tax advisors to LINK. Lexence acted as legal advisor and Capitalmind and PWC acted as financial advisors to Tismi.

LINK Mobility (LINK) is one of Europe’s leading providers of mobile messaging and Communications Platform as a Service (CPaaS) solutions for increased engagement.

www.linkmobility.com

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