beaconsmind AG Acquires Wi-Fi Hotspot & Location-Based Marketing Provider Socialwave GmbH
March 31, 2023
beaconsmind AG has agreed to acquire 100% of the shares of Socialwave GmbH as a bolt-on extension of its B2B location-based marketing business. The EUR 10 million purchase price will be funded via low-coupon debt, cash, and 350,000 newly issued beaconsmind shares to Socialwave’s founders, with closing expected in late April.
- Buyers
- beaconsmind AG
- Targets
- Socialwave GmbH
- Sellers
- Founders of Socialwave
- Platforms
- beaconsmind AG
- Industry
- Marketing & Advertising
- Location
- Germany
- Transaction Type
- Addon
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