EQS-News: Acquisition of FREDERIX Hotspot GmbH successfully completed
Zurich, Switzerland – 1 February 2023 – beaconsmind AG (ISIN: CH0451123589 – Ticker: MLBMD), a leading SaaS provider in the field of location-based marketing (LBM) & analytics, has successfully completed the acquisition of 51% of the shares in FREDERIX Hotspot GmbH (cp.
- Zurich, Switzerland – 1 February 2023 – beaconsmind AG (ISIN: CH0451123589 – Ticker: MLBMD), a leading SaaS provider in the field of location-based marketing (LBM) & analytics, has successfully completed the acquisition of 51% of the shares in FREDERIX Hotspot GmbH (cp.
- With the acquisition of FREDERIX, beaconsmind strategically expands its business model as a B2B point-of-sales solution provider and enters the adjacent hotspot sector.
- FREDERIX is headquartered in Hannover, Germany, and is a provider of wifi solutions for businesses (FREDERIX Hotspot) and a developer of intelligent, cloud-based wifi hotspot technologies (FREDERIX Cloud Wifi).
- In addition to the current EUR 0.5 million run-rate EBITDA of FREDERIX, beaconsmind expects cost synergies of at least EUR 0.3 million and significant growth.