Closing completed in connection with acquisition of Horisen Messaging in Switzerland
Reference is made to the stock exchange announcement from LINK Mobility Group ASA ("LINK" or the "Company") on 13th of December 2017 regarding the signing of a definitive agreement for the acquisition of Swiss mobile messaging business ("Horisen Messaging") from the Swiss mobile messaging company Horisen AG. LINK has today completed the acquisition of Horisen Messaging AG by acquisition of all shares. The acquisition was completed based on an agreed enterprise value of EUR 9 million, on a cash-free and debt-free basis. The enterprise value is based on a normalized EBITDA of EUR 1.8