KERLINK (EPA:ALKLK) - Kerlink announces it has finalised its acquisition of Wyres

Transparency directive : regulatory news

21/02/2020 08:00

Kerlink announces it has finalised its acquisition of Wyres

PRESS RELEASE

Thorigné-Fouillard, 21 February 2020, 8 a.m. - Kerlink (AKLK - FR0013156007),
a specialist in networks and solutions for the Internet of Things (IoT),
announces the accelerated acquisition of the remaining share capital of
Wyres.

Back in January 2019, Kerlink announced1 it had acquired a 51% stake in the
simplified joint-stock company, Wyres, a specialist in indoor geolocation
systems and complete solutions that include beacons, tags, and business
applications.

The Group subsequently decided to embark on the accelerated acquisition of the
remaining share capital, which will make it the sole owner of Wyres. Wyres has
already reduced its workforce and by the end of April 2020 will have three
employees.

Additional technological edge that will speed up penetration of key vertical
markets

With this acquisition, Kerlink will be able to consolidate its commercial
offering to private clients and notably propose continuous indoor/outdoor
comprehensive turnkey location solutions involving targeted indoor tracking
technology that will further complement the existing LoRaWAN network location
solutions.

This offering will be key in helping the company reach its development targets
and speed up commercial objectives to address priority markets such as
industry, manufacturing production, transport, logistics, and the management
of equipment and materials at locations such as airports, ports, hospitals and
hotels.

Acquisition scope and conditions

The acquisition deal involved two stages:

   * A 51% stake in the simplified joint-stock company Wyres, which was
     acquired in January 2019;

   * The accelerated acquisition, on 20 February 2020, after termination of
     the shareholders' agreement signed in January 2019, of the remaining
     shares in Wyres held by the founders and their investors for a total
     of EUR80,000.
     Simultaneously, the investors also sold their shareholder's current
     account of EUR350,000 to Kerlink. Kerlink now owns 100% of Wyres.

(1) Press release dated 9 January available on Kerlink's website

http://www.kerlink.fr/wp-content/uploads//2019/01/
Kerlink-CP-CA-2018-Acquisition-strate%CC%81gique_VDef.pdf

About Kerlink
Kerlink Group is a leading global provider of connectivity solutions for
designing, launching, and operating public & private Internet of Things
networks. Its comprehensive product portfolio includes industrial-grade
network equipment, best-of-breed network core, operations and management
software, value-added applications and expert professional services, backed by
strong R&D capabilities. Kerlink specializes in enabling future-proof
intelligent IoT connectivity for key verticals such as fleet management,
transportation & logistics, retail, asset tracking, and smart metering, as
well as smart agriculture & environment, and smart cities, buildings, and
factories. More than 120,000 Kerlink installations have been rolled out with
more than 330 clients in 69 countries. Based in France, with subsidiaries in
the US, Singapore, India, and Japan, Kerlink is a founding and board member
of the LoRa Alliance(r) and the uCIFI Alliance(??). It is listed on Euronext
Growth Paris under the symbol ALKLK. For more information, visit
www.kerlink.com or follow us on Twitter @kerlink_news.

                                Upcoming events
                     2019 annual results & Q1 2020 revenue
                       28 April 2020, after market close

                                www.kerlink.fr

Investors contact:
Actifin Benjamin Lehari
+33 (0)1 56 88 11 25
blehari@actifin.fr

Financial press contact:
Actifin Isabelle Dray
+33 (0)1 56 88 11 29
idray@actifin.fr

Kerlink press & market analysts contact:
Mahoney Lyle
Sarah Lyle
+33 (0)6 75 85 60 42
slyle@mahoneylyle.com

www.kerlink.com   Linkedin: Kerling  Twitter: @kerlink_news  Youtube: Kerlink

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KERLINK (EPA:ALKLK) - Kerlink announces it has finalised its acquisition of Wyres

Transparency directive : regulatory news

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