Link Mobility ASA acquires Labyrintti OY

Link Mobility’s service offering includes SMS Gateway, mobile payment, mobile communication and CRM database solutions. In addition to Norway, Sweden, Denmark and Finland, the company has operations in Germany, Latvia and Estonia.

Stratema recognised Labyrintti OY as an outstanding opportunity for Link Mobility to expand its geographical footprint and grow its customer base, alongside upselling of its services to Labyrintti’s customers. Link Mobility acquires all shares of the companies Labyrintti Media Oy and Labyrintti International Oy.

ProMan IMAP Finland and Stratema Norway advised the sellers throughout the process.

“Labyrintti is without a doubt the leading force within mobile messaging and mobile solutions in the Finnish market, with more than 40% market share.”

Arild Hustad, CEO of Link Mobility

About Labyrintti

Labyrintti Group is the mobile solutions market leader in Finland. It provides turnkey and platform solutions, such as SMS and MMS Gateway, text messaging and mobile payment systems for various industries, including ICT, energy, logistics and advertising. Its offices are located in Tampere, Helsinki and Sofia. Labyrintti had revenues of EUR 5.5 million, with an EBITDA margin of approximately 30%, in 2015.

About Link Mobility

Norwegian telecommunications company, providing communication services to customers worldwide. Link Mobility reported revenues of NOK 362 million in 2015. The company is listed on the Oslo Stock Exchange.