European intranet providers LumApps and Beekeeper are merging to offer an AI-powered Employee Hub.
First Joint Platform for all Employees
LumApps, specialized in intranet solutions for office workers, has reached an agreement to acquire Beekeeper. Beekeeper develops a mobile platform for frontline teams in sectors such as retail, manufacturing, and hospitality. The collaboration creates a combined company valued at over 1 billion dollars. Together, the companies aim to build an integrated platform that improves internal communication and productivity for all types of employees.
Growth Ambitions and Market Expansion
Through the merger, LumApps aims to expand its presence in the intranet solutions market. The company focuses on further growth by reaching more businesses with a combined platform. The merger should also expand the offering for both frontline and office workers, allowing organizations to manage their internal communication and collaboration through a single platform.
The combined company targets a user base of 100 million employees by 2030. The company also continues to focus on acquisitions to gain additional market share. The acquisition is expected to be completed in July 2025, subject to customary approvals.