At what enterprise value was HORISEN MESSAGING acquired in 2018?

During the acquisition of HORISEN MESSAGING by LINK MOBILITY in 2018, the transaction's Enterprise Value is estimated to be in the range of 0M - 15M EUR.

What was the EV/EBITDA of HORISEN MESSAGING when it was acquired by LINK MOBILITY?

The estimated EV/EBITDA multiple for HORISEN MESSAGING is in the range of 5x - 12x.

When was HORISEN MESSAGING acquired by LINK MOBILITY?

HORISEN MESSAGING was acquired by LINK MOBILITY in 2018.

What was the EBITDA of HORISEN MESSAGING during the acquisition?

HORISEN MESSAGING's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the HORISEN MESSAGING acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the HORISEN MESSAGING deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.horisen.com/new-messaging-superhero-on-board-link-mobility/

← DATABASE

Home Database TMT (Tech, Media, Telecom)HORISEN MESSAGING

01/2018

HORISEN MESSAGING acquired by LINK MOBILITY

SWITZERLAND Software / MarTech EV 0M - 15M EUR

Context

LINK Mobility Group ASA completed the acquisition of 100% of the voting equity instruments of Horisen Messaging, a Swiss-based subsidiary carved out from HORISEN AG. The acquisition was a strategic move by LINK Mobility to consolidate its position in the European mobile messaging market. By acquiring Horisen Messaging, LINK Mobility secured a dominant market position in Switzerland, holding over 30% of the market share, and gained access to a valuable international messaging network. For the seller (HORISEN AG), the divestiture served as a corporate restructuring to separate the operational SMS trading business from its core software technology platform, allowing the parent company to pivot to a "pure product house" model while maintaining a commercial relationship as a technology vendor to LINK Mobility.

HORISEN MESSAGING, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Horisen Messaging is a leading mobile messaging provider in Switzerland, specializing in high-volume, enterprise-grade text messaging services. The company maintains a significant market presence, leveraging a robust international network to facilitate wholesale bulk messaging traffic. Its business model is predicated on providing reliable, high-quality connectivity for both large-scale retail clients and wholesale partners, ensuring seamless delivery across complex global telecommunications infrastructure. The firm’s value proposition is built upon technical reliability and extensive expertise in telecom operations and mobile marketing. By handling high-quality, responsive traffic, the company has established itself as an essential partner for organizations requiring dependable communication solutions.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2018

2017

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2018	IK PARTNERS	QUESTEL GROUP	FRANCE	Industry-Specific Software
02/2018	LINK MOBILITY	TERACOMM	BULGARIA	MarTech
01/2018	LINK MOBILITY	TOTALCONNECT	ITALY	MarTech
01/2018	CORSAIR CAPITAL	RGI GROUP	ITALY	Financial Services / Banking
10/2017	FIVE ARROWS	A2MAC1	FRANCE	Automotive
06/2017	HG CAPITAL / GIC / MONTAGU PRIVATE EQUITY / ICG	VISMA GROUP	NORWAY	ERP, HR & Finance
12/2016	PARTECH VENTURES	ECOVADIS	FRANCE	Industry-Specific Software
07/2016	ARDIAN	DEDALUS	ITALY	Healthcare
06/2016	INFOPRO DIGITAL	EBP	BELGIUM	Construction / Real Estate
04/2016	ASTORG	FLOWBIRD (EX PARKEON)	FRANCE	Industry-Specific Software

REFERENCES

Valuation range: EV 0M - 15M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HORISEN MESSAGING by LINK MOBILITY are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: horisen messaging

Acquirer: link mobility