Mobio Technologies expands its U.S. footprint by acquiring franchise rights in six cities for $5.0M through its subsidiary.
Mobio Technologies, through its subsidiary You Move Me, has agreed to acquire franchise rights and assets from Easy Moves Holdco LLC for $5.0M. The deal includes markets in Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis, and St. Louis.
The acquisition aims to bolster Mobio’s presence in the U.S. moving and logistics sector. No prior financial details or consensus estimates for the deal were disclosed. The transaction reflects the company’s strategy to expand its franchise network.
Mobio Technologies trades under the ticker MBO:CA.