mynth
02/2018

TERACOMM acquired by LINK MOBILITY

BULGARIA Software / MarTech EV 0M - 15M EUR

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 in 2017, 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

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
2016

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01/2018LINK MOBILITYTOTALCONNECTITALYMarTech
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06/2017HG CAPITAL / GIC / MONTAGU PRIVATE EQUITY / ICGVISMA GROUPNORWAYERP, HR & Finance
12/2016PARTECH VENTURESECOVADISFRANCEIndustry-Specific Software
07/2016ARDIANDEDALUSITALYHealthcare

REFERENCES

Valuation range: EV 0M - 15M EUR

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M 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.

Acquirer: link mobility