DLA Piper advised the founding shareholders of Labyrintti Group, Finland’s leading provider of B2C mobile messaging services, on its sale to LINK Mobility ASA.

LINK Mobility Group is listed on the Oslo Stock Exchange and is the largest provider of mobile solutions for businesses in the Norwegian, Swedish, Danish, Baltic and German markets. It offers services for, inter alia, SMS gateway solutions, mobile payments, mobile communications and CRM databases. Through the acquisition, LINK will become the leading provider of these services in the Northern Europe.

The enterprise value is EUR 11 million with part of the purchase price being paid in the form of new shares in LINK Mobilty Group ASA.

The DLA Piper team was led from Helsinki by partner Ilkka Liljeroos. Other team members included partner Tuija Kaijalainen, counsel Jaakko Klemettilä, associate Antti Eeva (all Helsinki), partner Kaare Oftedal and lead lawyer Magnus Brox (both Oslo).