Closing completed in connection with acquisition of Total Connect in Italy

Reference is made to the stock exchange announcement from LINK Mobility Group ASA («LINK») on 21st of December 2017 regarding the signing of a definitive agreement for the acquisition of Italian mobile messaging business Archynet s.r.l. («Total Connect») from the seller Claudio Gioiosa.

LINK has completed the acquisition of Total Connect by acquisition of all shares. The acquisition was completed based on an agreed enterprise value of EUR 2.337 million, on a cash-free and debt-free basis. The enterprise value is based on an estimated normalized EBITDA for 2017 of EUR 0.425 million multiplied by a factor of 5.5.

For further information, please contact:
Arild Hustad, CEO
LINK Mobility Group ASA
[email protected]
+47 95 24 19 30

To the stock announcement

To the prior news post regarding the acquisition

About Totalconnect
Totalconnect was established in 1998, and is direct connected to the Italian operators. Totalconnect is a Mobile Marketing services provider, serving clients in Italy as a reliable partner to setup mobile campaign and sending out mobile messages. Read more.