LINK Mobility Group ASA has completed the 100% acquisition of the share capital of Archynet s.r.l., known as "Total Connect." The acquisition was conducted on a cash-free, debt-free basis, effectively integrating the Italian mobile messaging business into the Group's existing portfolio. The acquisition is strategically aligned with LINK Mobility’s ongoing consolidation strategy within the European mobile communications market. By acquiring Total Connect, LINK Mobility deepens its footprint in the Italian region, gaining immediate access to the target's existing customer base and messaging infrastructure. The deal enables the acquirer to leverage economies of scale and cross-selling opportunities, integrating Total Connect’s local technical capabilities into the broader Group platform to enhance the overall messaging service offering for enterprise clients.

TOTALCONNECT, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level around LOGIN lower than the average currently observed in the TMT (Tech, Media, Telecom) sector (12.8x).

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