Betterware de México Acquires 60% of GurúComm, a Mobile Virtual Network Operator and Communications Software Developer
GUADALAJARA, Mexico, March 22, 2021 /PRNewswire/ -- Betterware de México S.A.B. de C.V. ("Betterware") (NASDAQ: BWMX), the leading direct-to-consumer company in Mexico that focuses on the home organization and solutions segment with a two-tier distribution model, today announced that it acquired 60% of GurúComm, a Mobile Virtual Network Operator ("MVNO") and Communications Software developer, with an Enterprise Value of $75M pesos (approximately $3.5 million USD). The purchase price is $45 million pesos and the investment was paid out of existing cash on the Company's balance sheet. The Company does not expect the acquisition to be material to fiscal year 2021 results and is maintaining its
