Locafy enters deal to buy Map Labs assets for up to US$3 million

Bitget2026/10/06 12:04

Locafy entered a definitive agreement to acquire Map Labs assets and customer base for up to USD 3 million cash. Deal set to close on or before Dec. 31, 2026; consideration includes USD 2 million upfront, funded mainly through a debt facility. Additional USD 1 million contingent on revenue targets: USD 500,000 if 2027 revenue exceeds USD 3.84 million, USD 500,000 if 2028 exceeds USD 4.76 million. Map Labs expected to contribute about USD 2 million ARR and about USD 900,000 EBIT in calendar 2026. Transaction expands U.S. multi-location customer base; integration to focus on automation and cross-selling SEO and AEO products. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Locafy Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610060800PRIMZONEFULLFEED9839737) on October 06, 2026, and is solely responsible for the information contained therein.

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Locafy entered a definitive agreement to acquire Map Labs assets and customer base for up to USD 3 million cash.
Deal set to close on or before Dec. 31, 2026; consideration includes USD 2 million upfront, funded mainly through a debt facility.
Additional USD 1 million contingent on revenue targets: USD 500,000 if 2027 revenue exceeds USD 3.84 million, USD 500,000 if 2028 exceeds USD 4.76 million.
Map Labs expected to contribute about USD 2 million ARR and about USD 900,000 EBIT in calendar 2026.
Transaction expands U.S. multi-location customer base; integration to focus on automation and cross-selling SEO and AEO products.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Locafy Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610060800PRIMZONEFULLFEED9839737) on October 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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