Leaddesk takes another significant step-up in size with the proposed acquisition of Telia’s contact center software at a low valuation. The acquired sales set to add c.33% to Leaddesk’s topline and the deal's EV/sales multiple of just 0.2x means it will not make the balance sheet too stretched. The acquired business comes with zero EBITDA, but we are confident the company can find synergies, making the deal rationale also in profit multiples. All in all, positive to the case.

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