Carlsquare advised LEKAB on the acquisition of 21st Century Mobile
The business messaging provider LEKAB announced that it has successfully acquired 21st Century Mobile AB (Publ) (21st). Combining both companies’ strengths in business messaging and the next generation of messaging services creates a better basis for growth and a stronger customer offering.
With 21st, a leading company in the Nordic region is formed for messaging services and solutions in advanced messaging that change the way companies engage and communicate with customers and employees on the mobile. New rich message formats and channels such as WhatsApp, Viber and RCS open up new opportunities for sending interactive messages that strengthen two-way communication between companies and their customers.
“Through the merger with 21st, our position as one of the leading suppliers in business messaging in the Nordic region is strengthened. We see great synergies between our companies and opportunities to further develop the business by combining our skills and strengths. The acquisition provides a good basis for improving and enriching our customer offerings and services, to support our customers and their businesses in the ‘digitalisation journey'”, says Pekka Ollila, CEO of LEKAB.
LEKAB and 21st operate in a changing and rapidly growing industry. The boards of the companies believe that the merger creates good conditions for increased growth, profitability and competitiveness. 21st, founded in Lund in 2005, complements LEKAB to a large extent with a Nordic customer base of over 1500 corporate customers, consisting of small and medium-sized companies. 21st also provides business-critical communication solutions within the verticals e-health and energy.
“The Carlsquare team has good knowledge of our industry. They have professionally guided us in this acquisition track, which provides good conditions for further expansion – after several years of strong organic growth”, says Fredrik Ramén, Chairman of the Board of LEKAB
Carlsquare acted as the exclusive financial advisor to LEKAB.