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
Location
Germany
Transaction Type
Addon

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