Bambuser: Acquisition of Relatable

Redeye comments on Bambuser's acquisition of Relatable, in a SEK 200m deal. We believe there are significant synergies to be realized, largely on the revenue side. While the acquisition will add substantial Net Sales, we don't believe it will alter the ARR fundamentally in the short term. At this point, we reiterate our fair value range and Base Case of SEK 18.

MH

FG

Mats Hyttinge

Forbes Goldman

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