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New Deal


Announced

Completed

Montagu-backed Wireless Logic completed the acquisition of Webbing.

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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IoT services

Israel

esim

mobile carriers

Telecommunications Services: Other

Acquisition

Majority

Private

Private Equity

Cross Border

Completed

Friendly

Single Bidder

Synopsis

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Montagu-backed Wireless Logic, a provider of communication software solutions, completed the acquisition of Webbing, a connectivity services provider. Financial terms were not disclosed. “Webbing exhibited remarkable foresight by recognising the constraints of existing eSIM standards for IoT devices and anticipating enterprise demand for efficient eSIM provisioning solutions. This acquisition will expand our technology capabilities and offering, particularly as the new GSMA IoT eSIM standard gains prominence. Furthermore, Webbing’s local presence and partnerships in regions including the US and Asia, will further enhance our ability to deliver a future proof, flexible and fully redundant global connectivity through a single SIM," Oliver Tucker, Wireless Logic CEO.

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