Locafy Limited announced on October 6, 2026, that it has entered into a definitive agreement to acquire the assets and customer base of U.S.-based Map Labs for up to US$3.0 million in cash.
Acquisition Terms and Valuation
Locafy, a global SaaS technology company specializing in location-based Search Engine Optimization and Answer Engine Optimization, announced the agreement on October 6, 2026. The transaction is scheduled to close on or before December 31, 2026, subject to customary closing conditions.
The acquisition involves a total potential cash consideration of up to US$3.0 million. It is structured as US$2.0 million payable upfront, with an additional US$1.0 million contingent upon the acquired business achieving revenue milestones in calendar years 2027 and 2028. Locafy intends to fund the upfront portion primarily through a debt facility.
Financial Projections and Integration
Founded in 2014, Map Labs provides maps marketing software and services to multi-location businesses. Based on unaudited management estimates, Map Labs is expected to generate approximately US$2.0 million in annual recurring revenue and approximately US$900,000 in EBIT for calendar year 2026.
Following the expected close, Locafy plans to spend an initial 90-day transition period introducing its automation technologies into selected Map Labs workflows. Executives noted the combination will allow the companies to cross-sell Map Labs' services to Locafy customers and introduce Locafy’s SEO, AEO, citation, and AI-powered website solutions to Map Labs customers.
Key facts and where they come from
- Locafy entered a definitive agreement to acquire the assets and customer base of Map Labs.
Locafy Limited (Nasdaq: LCFY, LCFYW) (“Locafy” or the “Company”), a global SaaS technology company specializing in location-based Search Engine Optimization (SEO) and Answer Engine Optimization (AEO), today announced that it has entered into a definitive agreement to acquire the assets and customer base of Map Labs
- The total potential cash consideration is up to US$3.0 million.
for total potential cash consideration of up to US$3.0 million, subject to the satisfaction of customary closing conditions.
- The transaction is scheduled to close on or before December 31, 2026.
The Company believes the transaction, which is scheduled to close on or before December 31, 2026,
- Map Labs is expected to generate approximately US$2.0 million in ARR and US$900,000 in EBIT in calendar year 2026.
Map Labs is expected to generate approximately US$2.0 million (A$2.84million) in annual recurring revenue (ARR) and approximately US$900,000 (A$1.27million) of Earnings Before Interest and Taxes (EBIT) in calendar year 2026