Signing Completed in Connection with Acquisition of SMS.it in Italy

SMS.it is one of the leading mobile messaging providers in Italy. The Company was the first in the world to provide mobile Internet & Mobile messaging services on a global scale. Located in Milano, with offices in Bologna, SMS.it is a mobile operator owning an independent mobile network, fixed network, signalling and SS7 interconnection, and has in place interworking agreements with all the Italian mobile operators and the primary MVNO´s.

The Company doubled its revenues from 2015 to 2017 witnessing strong demand for its services in the Italian market.

"I am really happy to announce that we have now reached a final agreement with the sellers of SMS.it. The Italian market is growing strongly and the acquisition of SMS.it in Italy gives LINK a strong platform to continue growing the business and adding more innovative services to our existing and new customers." says Arild E.Hustad, Group CEO LINK Mobility.

The acquisition is based on an agreed enterprise value of EUR 10.371 million on a cash-free and debt-free basis. The enterprise value is based on a normalized EBITDA for 2017 of EUR 1.503 million multiplied by a factor of 6.9. The structure of the deal is as follows:

LINK has a solid cash position and the transaction will be fully financed through LINK´s corporate funds.

Aabø-Evensen & Co Advokatfirma AS, DLAPiper Italy and BDO Italy are acting as advisors to LINK in connection with the above mentioned transactions.

The transaction is expected to close 1st of June 2018.

CONTACT:

For further information, please contact:

Arild Hustad, CEO

LINK Mobility Group ASA

[email protected]

Mob: +47-95-24-19-30

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http://news.cision.com/link-mobility-group-asa/r/signing-completed-in-connection-with-acquisition-of-sms-it-in-italy-,c2477800

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