Nokia deal for Synchronica
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AIM-listed company Synchronica, which provides 'next-generation mobile messaging services', has conditionally agreed to acquire Nokia's Operator Branded Messaging business.
Round-up of today's M&A deals
AIM-listed company Synchronica, which provides 'next-generation mobile messaging services', has conditionally agreed to acquire Nokia's Operator Branded Messaging business.
Already a major supplier of next-generation messaging systems to mobile carriers operating in developing economies such as Latin America and Africa, this latest deal has given Synchronica entry into the North American market.
Operator Branded Messaging's customers include Tier-1 mobile operators across the US and Canada such as AT&T, Sprint, Verizon, T-Mobile, Bell Mobility, Rogers Wireless.
The deal is structured as a reverse takeover for a total consideration of £15.19 million, with £2.43 million payable in cash on completion of the acquisition and the balance paid on a deferred basis. In addition, Nokia will be issued 18.3 million warrants in respect of ordinary common shares in Synchronica.
Synchronica also announced that the previously flagged share placing to raise £9.1 million has been completed. The funds will cover the initial cash element for the acquisition and provide working capital for the group.
Chief executive Carsten Brinkschulte comments: 'With today's completion, we have acquired Nokia's successful and highly complementary Operator Branded Messaging business, and have at a stroke transformed Synchronica's scale, profitability and geographic scope.
' The Nokia messaging platform complements our flagship, carrier-grade Mobile Gateway messaging infrastructure software, and we will work relentlessly on merging both products to create a superior solution with significantly enhanced functionality.'
Round-up of today's M&A deals
- Software services provider MphasiS has entered into a definitive agreement with US-based insurance software offerings provider Wyde Corporation to acquire the latter for an undisclosed amount
Value: undisclosed
Advisers: Credit Agricole CIB, Goodwin Procter LLP, Nishith Desai Associates and SJ Berwin
- Siemens Energy is planning to acquire Dutch gas and steam power plant component suppliers NEM and Nem Energy Services
Value: undisclosed
Advisers: undisclosed
- Media research firm Arbitron has acquired Finland-based mobile audience and analytics agency Zokem in a cash deal worth £7.11 million, with possible extra payments worth up to £7.29 million based on future performance
Value: undisclosed
Advisers: undisclosed
- Intertek has bought FAL a food testing laboratory which provides chemical and microbiological services for food producers in the UK
Value: £6 million
Advisers: undisclosed
Read more
- Intertek has acquired RDC
Value: £5 million
Advisers: undisclosed
- OALTB, a fuel and lubricant analysis and consulting business in the UK, has been acquired by Intertek from QinetiQ Group in an asset purchase agreement
Value: £0.5 million
Advisers: undisclosed
- Oracle acquires service knowledge management firm Inquire
Value: undisclosed
Advisers: undisclosed
- bwin.party & Amaury Group has agreed to merge their bwin France & SAjOO online gaming business due to the challenging regulatory and fiscal regime in the French gaming market
Value: undisclosed
Advisers: undisclosed
Read more
- Power and automation technology group ABB has completed its acquisition of Mincom, a privately owned software company specializing in solutions for mining and other asset-intensive industries
Value: undisclosed
Advisers: undisclosed
- Matomy Media Group is buying interactive marketing and advertising agency Adperio, a US business that also recruits respondents for online market research panels
Value: £18.23 million
Advisers: undisclosed
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