LINK acquires UK-based company Reach-Data Ltd

30 Oct 2024 08:00 CET

The acquisition expands LINK’s market position in the UK and unlocks
opportunities to consolidate operations and gain access to a diverse client
base.

Founded in 2002, Reach-Data has steadily built a strong foothold in the UK
market, providing businesses with direct global communication routes.
Specializing in cost-effective SMS marketing solutions, Reach-Data helps
companies connect efficiently with their customers via mobile messaging. Their
user-friendly platform supports bulk SMS messaging from desktop, mobile, or
tablet devices.

“This acquisition strengthens our position in the UK market and allows us to
serve and upsell to a wider, more diverse client base”, says Thomas Berge, CEO
of LINK.

“We are delighted to be part of Europe’s top CPaaS enterprise, drawing on their
deep knowledge and resources to boost the ability to deliver advanced solutions
to clients. This creates valuable opportunities to expand services and
accomplish new achievements in the enterprise communications field.", says the
founder of Reach-Data.

The transaction values Reach-Data at an enterprise value of GBP 3 million,
implying an LTM EV/adj.EBITDA multiple of 6.3x. The purchase price was settled
fully in cash.


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 18 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.

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