M&A Deal Summary

Seamless Distribution Systems Acquires MeaWallet AS

On July 13, 2016, Seamless Distribution Systems acquired information technology company MeaWallet AS for 43M USD

Acquisition Highlights
  • This is Seamless Distribution Systems’ 1st transaction in the Information Technology sector.
  • This is Seamless Distribution Systems’ largest (disclosed) transaction.
  • This is Seamless Distribution Systems’ 1st transaction in Norway.

M&A Deal Summary
Date 2016-07-13
Target MeaWallet AS
Sector Information Technology
Buyer(s) Seamless Distribution Systems
Deal Type Add-on Acquisition
Deal Value 43M USD

Target

MeaWallet AS

Norway
MeaWallet AS is a technical solutions for cloud based payment services and is a leader in the field of Host Card Emulation (HCE), a technology for issuing digital payment cards.

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Buyer(S) 1

Buyer

Seamless Distribution Systems

Stockholm, Sweden
Category Company
Founded 2014
Sector Internet Software and Services
Employees149
Revenue 53M SEK (2023)
DESCRIPTION

Seamless Distribution Systems is a global mobile payments company that provides prepaid top-up systems and mobile payment services for mobile operators, distributors, retailers and consumers. The company has two main product lines: the proprietary transaction switch ERS 360? for top-ups to mobile operators and distributors, and SEQR for mobile payments in stores, on-line and in-app. With our solutions, everyone prospers. Seamless Distribution Systems was founded in 2014 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Norway) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Riaktr

Brussels, Belgium

Riaktr is a supplier of proprietary software technology for Business Analytics and Big Data in the telecom sector. Riaktr was founded in 2009 and is based in Brussels, Belgium.

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