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Announced

Completed

F24 completed the acquisition of SMSup.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Switzerland

Majority

Single Bidder

Acquisition

Domestic

business messaging

Private

Customer Relationship Management

Friendly

Completed

Synopsis

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F24, a provider of secure alerting and crisis management solutions, completed the acquisition of SMSup, a fast-growing business messaging startup. Financial terms were not disclosed. "We are delighted to welcome SMSup to the F24 family. This step does not only significantly enhance our business messaging product portfolio but also our regional footprint in Switzerland. Our aim is to provide businesses in and beyond Switzerland with excellent messaging services – and with this step we can offer our customers greater user experience with additional use cases," Yves Pierre Grepper, F24 Managing Director and Vice President Business Messaging.

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