M&A Deal Summary

beaconsmind Acquires Swissnet

On November 19, 2024, beaconsmind acquired communications company Swissnet for 10M CHF

Acquisition Highlights
  • This is beaconsmind’s 3rd transaction in the Communications sector.
  • This is beaconsmind’s largest (disclosed) transaction.
  • This is beaconsmind’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2024-11-19
Target Swissnet
Sector Communications
Buyer(s) beaconsmind
Deal Type Add-on Acquisition
Deal Value 10M CHF

Target

Swissnet

Berg, Switzerland
Swissnet is an ICT service provider in the DACH region and offers high-speed internet, mobile, fixed network, cloud, and managed IT services. Swissnet is based in Berg, Switzerland.

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Buyer(S) 1

Buyer

beaconsmind

Stäfa, Switzerland
Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

beaconsmind is a provider of location-based marketing (LBM) software for retail chains. By fitting stores with Bluetooth beacons that precisely locate and identify customers, and by integrating its Software Suite, the company opens a brand-new channel for retailers to interact with their customers. beaconsmind was formed in 2015 and is based in Stäfa, Switzerland

DEAL STATS #
Overall 4 of 4
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 4 of 4
Country (Switzerland) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-31 Socialwave

Munich, Germany

Socialwave is a fully automated location-based marketing service provider offering guest Wi-Fi as well as additional online (Bluetooth) and offline (NFC, QR-codes) technologies collecting guest data for efficient review collections, marketing campaigns, recommendation marketing, and customer analytics. Socialwave is based in Munich, Germany.

Buy $10M
Mergr

Product

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