Sinch

Sinch pays £56m for “gateway presence” in India

18 June 2020 | Melanie Mingas

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Sinch has entered into a definitive agreement to acquire enterprise communications provider ACL Mobile for £56 million, a deal it said will provide a “gateway presence” in the world’s second largest mobile market.

For Sinch, the deal marked the company’s 12th acquisition since its 2015 IPO and the fourth since Covid-19 lockdowns commenced, but it’s a first for the Swedish company in the Indian market.

Sinch CEO Oscar Werner (pictured), said: “With ACL we gain critical scale in the world's second-largest mobile market. We gain customers, expertise and technology and we further strengthen our global messaging product for discerning businesses with global needs.”

Sinch said it will leverage ACL’s direct connections to mobile operators in India, Malaysia and the UAE and offer “end-to-end connectivity, without unnecessary middlemen, to demanding global businesses around the world” and adding further reach to its global Tier 1 network.

“Together with Sinch we are scaling up to become one of the leading global players in our industry. I’m excited about this next chapter and the many new opportunities that we can pursue together,” said Sanjay K Goyal, founder and CEO of ACL Mobile.

In recent weeks India’s growing tech and telecoms market has piqued the interest of international investors and service providers alike.

Reliance Jio has confirmed investments of just under US$13 billion over eight deals in the last eight weeks, and Amazon is rumoured to be discussing a US$2 billion stake in Bharti Airtel.

Founded in 2000, ACL Mobile provides cloud communications services in India and Southeast Asia, allowing customer interaction over SMS, voice, email, IP messaging, and WhatsApp. In the 12 months ending March 2020, it delivered 47 billion messages on behalf of enterprise customers.

The company serves more than 500 enterprise customers and its proprietary platform Axiom is widely used in banking and finance. The company employs 288 people with headquarters in Delhi and overseas offices in Dubai and Kuala Lumpur.