LINK Mobility Group AS enters the Hungarian market by acquiring SeeMe.
LINK Mobility Group AS (“LINK”), Europe’s leading and fastest growing provider of B2C mobile messaging and mobile services, has today entered into a definitive agreement for the acquisition of Hungarian mobile messaging company Dream Interactive Ltd., operating under the name SeeMe (“SeeMe”).
SeeMe was established in 2004, and is located in Budapest, Hungary. SeeMe is known as the market leader as well as being a highly reliable mobile messaging provider for SMBs in Hungary due to its efficient self-service platform and messaging solutions.
“I am happy to announce that we have now entered the Hungarian mobile messaging market through the acquisition of SeeMe. This is a market, which experiences strong growth with a high demand for advanced mobile messaging and solutions services. SeeMe has a strong portfolio of SMB clients in the local market, and we see a good potential to grow the overall customer base in Hungary through increased penetration of both existing and new services. LINK has now expanded its customer base in Europe through organic growth and acquisitions over the last twelve months to more than 21,000 B2C customers”, says Arild E. Hustad, CEO of LINK.
“The acquisition of Dream Interactive opens a new chapter in SeeMe’s life. We are proud of the business success we have achieved with our SMB focused online messaging services and our highly optimized transactional messaging solutions relied upon by the biggest global names within the industry. As part of the LINK family our market leading service has a bright future with strong technology, product development and telco synergies”, Andras Pfaff, the founder of SeeMe, comments.
Baker McKenzie (Budapest) has acted as legal advisors, while BDO has acted as financial advisors to LINK Mobility Group AS during the transaction.
For further information, please contact:
Arild Hustad, CEO
LINK Mobility Group AS
Mob: +47 95 24 19 30
About LINK Mobility Group AS
LINK Mobility Group AS is Europe's leading provider within mobile communications, specializing in messaging, digital services and data intelligence. The Group offers a wide range of innovative and scalable solutions across industries and sectors, creating valuable digital convergence between businesses and customers, platforms and users. The Group is headquartered in Oslo/Norway and is owned by Abry Partners, located in Boston, US. LINK Mobility continues to experience strong organic growth as clients move more business activities onto the mobile platforms. In 2017, LINK Mobility had a total turnover of 1,294 billion NOK with offices in Norway, Sweden, Denmark, Finland, Estonia, Latvia, Bulgaria, Germany, Spain, Poland, France, Switzerland, Austria, Italy and United Kingdom.
About Abry Partners
Abry Partners is an experienced and successful media, communications, business and information services sector focused private equity investment firm in North America. Since their founding in 1989, they have completed over $80 billion of leveraged transactions (including many roll-up investment strategies) and other private equity, mezzanine or preferred equity investments. Currently, they manage over $5.0 billions of capital in their active funds.