Dubai - Sharikat Mubasher: The beaconsmind Group, a leading Swiss technology company, successfully completed the acquisition of the Dubai-based travel content platform Lokalee for $12.8 million.

This acquisition will enable beaconsmind Group to expand its services in the B2B sector and gain access to innovative technology for personalized lifestyle recommendations, events, and activities, the company announced in a press release yesterday.

This milestone will also help Lokalee provide more comprehensive and efficient solutions to its partners, extend services to new markets, and foster an environment ripe for innovation.

Lokalee, known for its AI-driven digital solutions tailored for hotels, has gained significant investor interest thanks to its innovative and scalable business model.

Samir Abi Frem, Chief Executive Officer at Lokalee, attributed the deal’s success to meticulous preparation. “Readiness is key,” he noted, explaining how Lokalee built strong and transparent systems, safeguarded its intellectual property, and ensured full regulatory compliance.

He affirmed that Lokalee’s team also worked on defining a clear company vision, which helped keep the acquisition process focused.

Abi Frem further noted that operational efficiency played a crucial role, as Lokalee conducted a thorough internal review before initiating the acquisition talks.

Moreover, the acquisition reflects a growing trend of AI-driven solutions in the hospitality sector, as companies seek to enhance guest experiences through smart technology.