Route Mobile acquires Latin American firm Masivian S.A.S for $47.5m
The deal also includes an earnest consideration of $2.5 million
Route Mobile, a cloud communications platform, has reportedly acquired Masivian S.A.S, a Latin American cloud communication platform service provider for a sum of $47.5 million.
Route Mobile (UK) is a wholly-owned subsidiary of Route Mobile Limited.
The payment for the acquisition will be done in instalments with the first tranche will be equal to 63.16% of the total purchase consideration, according to media reports. The remainder of the three payments will be 12.28% each. The payouts will be completed at 12, 18 and 24 months respectively from the date of closing of the transaction. The deal also includes an earnest consideration of $2.5 million.
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