Locafy to Acquire Map Labs Assets for $3 Million to Fuel US Growth

Key Facts

1Locafy entered a definitive agreement to acquire Map Labs' assets and customer base for up to $3.0 million in cash.

2The transaction is expected to close by December 31, 2026, and is projected to materially increase Locafy's revenue and profitability.

Locafy entered into a definitive agreement to acquire the assets and customer base of U.S.-based Map Labs for a total potential cash consideration of up to $3.0 million. According to a company statement, the acquisition is intended to accelerate Locafy's U.S. growth strategy and significantly expand its presence in the location-based SEO and AEO sectors.

The transaction is expected to close by December 31, 2026, and is projected to materially increase Locafy's revenue and operating profitability. In the equity markets, LCFY closed at $2.34 on October 5, 2026, having traded between a high of $2.4 and a low of $2.29 during that session.