Mergers & Acquisitions ·
Locafy agrees to acquire Map Labs assets for up to $3M, adding US$2m ARR
LCFYLocafy Ltd
Locafy Limited has entered into a definitive agreement to acquire the assets and customer base of U.S.-based Map Labs for total potential cash consideration of up to US$3.0 million. The transaction includes an upfront payment of US$2.0 million, with an additional US$1.0 million contingent on Map Labs achieving specific revenue growth targets in 2027 and 2028. Locafy expects the acquisition to add approximately US$2.0 million in annual recurring revenue (ARR) and US$900,000 in EBIT, while expanding its U.S. customer base. The deal is scheduled to close on or before December 31, 2026, and will be funded primarily through a debt facility without issuing new equity. Locafy Limited operates as a global SaaS technology company specializing in location-based search engine optimization (SEO) and answer engine optimization (AEO).