9 June 2021
Gernandt & Danielsson advises Sinch in connection with acquisition of Message Media
Sinch AB (publ) announced on 9 June 2021 that it had entered into an agreement to acquire MessageMedia, a leader in mobile messaging solutions for small and medium-sized businesses in the United States, Australia, New Zealand, and Europe. Sinch will pay a total enterprise value of USD 1.3 billion, with a total cash consideration of USD 1.1 billion and the remainder in new shares in Sinch. Closing of the transaction is subject to customary closing conditions, including regulatory approvals and is expected to close in H2 2021.
Sinch brings businesses and people closer with tools enabling personal engagement and is a trusted software provider to mobile operators worldwide. Its leading cloud communications platform lets businesses reach every mobile phone on the planet in seconds or less, through mobile messaging, voice and video. It is headquartered in Stockholm, Sweden, and has local presence in more than 40 countries.
Gernandt & Danielsson’s team has consisted of Partner Carl Westerberg and Senior Associate Oscar Anderson.