Nordhaven acted as exclusive financial advisor to Xplora Mobile Holding AS

26 mar 2021

Xplora Technologies AS has entered into an agreement to acquire its Nordic distributor and MVNO, Xplora Mobile Holding AS, in order to set the stage for accelerated revenue growth within kids smart watches, mobile subscriptions and premium services.

«We are thrilled to be part of the Xplora Technologies team, to leverage on the strength of the joint offerings and eager to roll out new exciting premium services to our large and growing subscriber base. We know each other well from years of collaboration, and are confident that the combination of our innovative, opportunistic and ambitious teams will create magic together», says Kjetil Fennefoss, CEO of Xplora Mobile».

Xplora Mobile Holding AS as the #1 MVNO in the Nordics for children’s watch phones, through the group generated sales of NOK 160m (+168%) with reported EBITDA NOK 4.8m in 2020 (unaudited). The group’s recurring subscription revenues were NOK 60m in 2020 (+119%). The company has ambitious targets of more than NOK 100m in recurring subscription revenues in 2021.
 
«With this acquisition we can quickly establish new recurring revenue streams (ARR) from a large and profitable customer base in the Nordics. The two companies have a long history of close collaboration and there are strong synergies between us. We can leverage on this by launching new premium services to the mobile subscriber base and seek to extend our offering and value proposition to Xplora Mobile´s partners. The acquisition will provide us with important learnings and insight to build internal competence for the upcoming launch of mobile subscriptions and premium services on the global market», says Sten Kirkbak, CEO of Xplora Technologies.

About Xplora Mobile Holding AS:
Previously known as Pepcall AS, founded in 2014 as a mobile virtual network operator (MVNO) initially launching traditional mobile connectivity on the Telenor Network. Xplora Mobile became an exclusive distributor of Xplora products and services in 2016 and changed name to Xplora Mobile under agreement with Xplora Technologies AS in 2018 to focus solely on selling Xplora products and services in the Nordic markets.

Visit: https://xploramobil.no/

About Xplora Technologies AS:
Xplora is a platform and services company and an industry leader in the market for children’s smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplora’s vision is to enable children around the world to experience how their everyday activities can create value and make a positive change to the world. The company is headquartered in Norway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker symbol XPLRA.

Website https://xplora.no/

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