Swiss Firm beaconsmind Group Acquires UAE’s Lokalee for $12.8 Million

Swiss technology firm beaconsmind Group has successfully acquired UAE-based startup Lokalee in a deal valued at $12.8 million. Lokalee, known for its AI-driven digital solutions tailored for hotels, has gained significant investor interest thanks to its innovative and scalable business model.

Speaking about the acquisition, Lokalee’s CEO, Abi Frem, attributed the deal’s success to meticulous preparation. “Readiness is key,” he noted, explaining how the company built strong and transparent systems, safeguarded its intellectual property, and ensured full regulatory compliance. Lokalee’s team also worked on defining a clear company vision, which helped keep the acquisition process focused.

Frem highlighted that operational efficiency played a crucial role, as Lokalee conducted a thorough internal review before initiating the acquisition talks. He also stressed the significance of effective communication with beaconsmind Group, which helped prevent misunderstandings and ensured alignment between both teams.

For startups aiming for similar success, Frem advised focusing on scalability, clear growth metrics, and strong industry networking. He emphasized that transparency and continuous innovation are key factors that enhance a company’s appeal to investors.

The acquisition reflects a growing trend of AI-driven solutions in the hospitality sector, as companies seek to enhance guest experiences through smart technology. With beaconsmind Group now backing Lokalee, the startup is well-positioned to expand its impact in the travel-tech space.