BE-MOBILE acquired by ARRIVE
Context
Proximus Group entered into a binding agreement to sell its 92.7% stake in Be-Mobile to Arrive for an enterprise value of EUR170 million. The transaction allows Proximus to complete its EUR500 million divestment program two years ahead of the original 2027 schedule, leading the group to raise its total asset disposal target to EUR600 million. For Arrive, the acquisition significantly strengthens its footprint in the Benelux region and expands its service portfolio through Be-Mobile's specialized big data and AI capabilities. The deal remains subject to approval by the Belgian Interfederal Screening Committee (CFI) for foreign direct investments.
BE-MOBILE, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).
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Target
Be-Mobile is a Benelux market leader in digital mobility and smart city solutions. It is widely known for its flagship consumer platforms: 4411, a leading parking and mobility payment app with 1 million active users, and Flitsmeister, a real-time traffic information community of 3 million drivers. Beyond consumer apps, the company specializes in big data, advanced geotechnology, and AI to provide traffic management, tolling systems, and road safety solutions for public authorities and private infrastructure managers.
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REFERENCES
Valuation range: EV 100M - 350M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.