Tuesday, January 25, 2022
HomeNews & UpdatesSinch to buy India’s ACL Mobile for SEK 655 million/Rs 535 crore.

Sinch to buy India’s ACL Mobile for SEK 655 million/Rs 535 crore.

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Sinch, a leading cloud communication platform that allows businesses to reach every mobile phone on the planet. Now, when Sinch is Acquiring ACL, it is basically planning to build a   new era of cloud communication in India. On the other hand, ACL Mobile which is known as a leading communications platform provider is rising up to achieve a global footprint and in order to do so the company is planning to sell a majority per cent of its outstanding shares to Sinch AB (publ)- XTSO: Sinch. The partnership is established on a definite agreement, signed between the two companies. The deal’s total cash considerations amount to SEK 655 million/Rs 535 crore.

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Sinch is headquartered in Stockholm, Sweden, and is a trusted and well-known provider of cloud communication on mobile platforms. Currently, the company operates across 30 countries worldwide. Whereas, ACL Mobile is a made-in-India and is a leader of cloud communications services with more than 500 enterprise customers from key sectors like BFSI, Retail/e-commerce, and Travel.

As per the agreement:

  1. Sinch will get access to the vast and expansive domestic market in India.
  2. Sinch can take advantage of ACL’s direct connections to mobile operators in India, Malaysia, and UAE. It can then provide end-to-end connectivity, to global businesses around the world.

As per Sanjay K Goyal, Founder, and CEO of ACL Mobile:

The partnership with Sinch will offer superior messaging services and several new value-added products to a wider range of customers. ACL Mobile is excited to move forward on this new journey and claims to pursue new opportunities and emerge as a strong Glocal leader

As per Oscar Werner, CEO, Sinch

Along with ACL, Sinch gains customers, expertise, and technology and we further strengthen our global messaging product for discerning businesses with global needs. He further added that India will be a key market in Sinch’s global Tier 1 super network.

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