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Announced

Completed

Tofane Global completed the acquisition of Dimoco Messaging.

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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Acquisition

Private

Liechtenstein

Austria

messaging

telecommunications

Telecommunications Services: Other

Cross Border

Majority

Completed

Friendly

Single Bidder

Synopsis

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Tofane Global, a communications solutions group and Ibasis' messaging portfolio subsidiary, completed the acquisition of Dimoco Messaging, an SMS aggregator. Financial terms were not disclosed. “We are very excited to join iBASIS. The company has built a Tier One reputation as preferred partner for global voice and mobile services. We share the same entrepreneurial spirit, business ethics, and customer-centric approach, and are committed to delivering a high level of quality and reliability for messaging worldwide. We are thrilled for our employees and customers as this acquisition opens a new era of possibilities and growth. iBASIS’ expertise and capabilities are undisputed, and we look forward to continuing to respond to the industry’s fast-growing market requirements together,” Cameron Calof, DIMOCO Messaging Managing Director.

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