The Swedish mobile payments company Seamless has agreed to acquire Ingram Mobile Mobility's prepaid mobile operations in Sweden and Denmark. 

The acquisition is expected to close early next year. Seamless paid a down payment of SEK 4 million (US $560,000) in cash. Seamless will not have to pay for clients who discontinue Ingram use before June 30, 2015. Seamless will determine the final acquisition price at that date.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.