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The business messaging provider LEKAB announces today 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. The two companies' total sales amounted to SEK 215 MSEK in December 2021.
ONS, APR 27, 2022.
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.
Carlsquare has been the financial advisor in the transaction.
For further information, please contact:
Fredrik Ramén, Chairman of the Board, LEKAB, tel +46-70-319 87 57
Mats Engström, VP Sales, LEKAB, tel +46-76-500 50 05.
About LEKAB Communication Systems AB
LEKAB provides mobile messaging services, messaging APIs and software for process automation. LEKAB offers digital tools and solutions to companies that want to optimize how they communicate and interact with customers and employees to improve productivity, availability and the customer experience through mobile channels. Customers are mainly found in retail, logistics, banking, insurance, healthcare, and manufacturing. The company was founded in 1994, headquartered in Stockholm, and has an office in Vantaa, Finland.
Om 21st Century Mobile
21st's business concept is based on streamlining communication from companies to their customers and employees through the channels available on the mobile phone. The company helps its customers to visualize how communication can be integrated into the customer journey in a way that contributes to commitment and loyalty and strengthens the brand. Customers include passenger traffic, medical booking systems, real estate operations, energy companies, and all the industries characterized by a large flow of people on the move, such as larger sports and sports clubs, restaurants and the entertainment industry. Read more about 21st here.