NDTV : Sweden's Sinch To Buy ACL Mobile For Rs 535 Crore


NDTV : Sweden's Sinch To Buy ACL Mobile For Rs 535 Crore

16 Jun, 2020

The acquisition of ACL is Sinch's third large acquisition in last few months.

Fast-growing Swedish cloud computing services provider Sinch AB said on Monday it had agreed to buy Indian firm ACL Mobile for about $70 million (Rs 535 crore) in cash, its third large acquisition since the start of March. Sinch, which has a scalable platform for messaging, voice and video, said ACL Mobile communications platform has more than 500 enterprise customers, and is particularly strong in the banking and financial services industry.

ACL, had sales corresponding to 607 million Swedish crowns ($65 million) in the during the 12-month period ending in March, with adjusted earnings before interest, taxes, depreciation and amortisation of 59 million.

 

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