Meltwater B.V. (OB:MWTR) entered in an agreement to acquire Klear for $17.8 million on April 14, 2021. The consideration of $17.8 million in a combination of cash and earn-out. Excluding earn-out, Meltwater has agreed to purchase Klear for a price of 1.4 times 2020 revenue settled in cash at closing. As of December 31, 2020 Klear reached revenues of $7.6 million. The transaction is expected to close on or around April 14, 2021.

Meltwater B.V. (OB:MWTR) completed the acquisition of Klear on April 14, 2021.