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Route Mobile (UK), wholly-owned subsidiary of Route Mobile, has entered into a Stock Purchase Agreement (SPA) on 09 October 2021 with the existing shareholders of Masivian S.A.S., Colombia, South America (target company) to acquire 100 % of the outstanding
share capital of the target company.
The target company is a leading cloud communications platform service provider in Latin America, with leadership position in Colombia and Peru, as well as a presence in several countries in the region.
The acquisition will help expand the company's business in new markets – particularly Colombia and Peru, and further expand across the Latin American market over the near term. The acquisition will also unlock cross-sell opportunities for the Company to offer its comprehensive
suite of CPaaS solutions (email, RCS, OTT Business Messaging, etc.) to the target company's existing client base.
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