Home Database TMT (Tech, Media, Telecom)Teracomm

02/2018100%

Teracomm acquired by Link Mobility

BULGARIA Software / MarTech EV €0–15M

Context

The acquisition Teracomm by LINK Mobility Group, designed to consolidate the mobile messaging market in South-Eastern Europe. The strategic rationale focuses on building a unified regional platform by creating synergy between Teracomm and LINK’s existing regional operations. By aggregating technical infrastructure and sales networks, the group intends to accelerate the deployment of innovative mobile messaging and data services across the region. This expansion is central to LINK’s broader objective of scaling its European presence and leveraging the high underlying growth rates of the South-Eastern European market. The acquisition enables the group to utilize shared technical expertise and professional resources to enhance service delivery and reach a broader client base. Furthermore, the divestiture allows the seller to pivot its strategic focus toward Internet of Things (IoT) products and services, thereby optimizing its resource allocation while ensuring the continuity of the mobile messaging business under a proven industry operator.

By taking control of Teracomm, Link Mobility continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Totalconnect in 2018.

Teracomm, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x in 2026).

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

Target

The Teracomm Companies operate as a regional provider of mobile messaging and digital communication services, connecting enterprises with end-users through secure messaging protocols. The business model centers on delivering technical solutions that address the communication requirements of business clients across South-Eastern Europe. Its value proposition is built upon a reliable technical infrastructure that facilitates the automated delivery of mobile data and messaging services, ensuring consistent connectivity between business platforms and users. By leveraging interworking agreements and technical expertise in mobile messaging protocols, the group provides essential infrastructure for digital convergence.

Ent. Value

€0–15M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with Link Mobility
Date	Acquirer	Target	Country	Sector
06/2021	LINK MOBILITY	MESSAGE BROADCAST	UNITED STATES	MarTech
10/2018	ABRY PARTNERS	LINK MOBILITY	NORWAY	MarTech
01/2018	LINK MOBILITY	TOTALCONNECT	ITALY	MarTech
01/2018	LINK MOBILITY	HORISEN MESSAGING	SWITZERLAND	MarTech
01/2018	LINK MOBILITY	SMS ITALIA	ITALY	Operators

Similar deals in Software

Similar deals in Software
Date	Acquirer	Target	Country	Sector
07/2018	BC PARTNERS	NAVEX	UNITED STATES	ERP, HR & Finance
05/2018	CATHAY CAPITAL	NEOXAM	FRANCE	Financial Services / Banking
02/2018	IK PARTNERS	QUESTEL GROUP	FRANCE	Industry-Specific Software
01/2018	LINK MOBILITY	HORISEN MESSAGING	SWITZERLAND	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
04/2017	HG CAPITAL	MITRATECH	UNITED STATES	Industry-Specific Software
12/2016	PARTECH VENTURES	ECOVADIS	FRANCE	Industry-Specific Software

REFERENCES

Valuation range: EV €0–15M

Revenue range: €5–25M

EBITDA range: €0–5M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Teracomm 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.

Acquirer: link mobility

FAQ

What transaction does this page cover?

This page covers Link Mobility’s acquisition of 100% of Teracomm, a Bulgarian company specialised in MarTech, in 2018.

How was the acquisition of Teracomm by Link Mobility valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €0–15M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Teracomm’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Teracomm generated annual revenue estimated in the €5–25M range and EBITDA in the €0–5M bracket (FY 2017). Detailed financial figures are available to members.

How does the valuation of Teracomm compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated valuation multiple in the range of 5x - 12x in 2018, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the TMT (Tech, Media, Telecom) sector are valued at a multiple of 14.6x EBITDA.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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