Locafy to Acquire Map Labs' Assets, Significantly Expanding Revenue and U.S. Customer Base
Locafy entered a definitive agreement to acquire the assets and customer base of U.S.-based Map Labs for potential cash consideration of up to US$3.0 million, subject to customary closing conditions. The transaction is scheduled to close on or before December 31, 2026.
Why it matters — The acquisition is expected by Locafy to increase revenue and operating profitability and support its U.S. growth strategy.