EPTI AB / Key word(s): Acquisition/Acquisition
EPTI AB: EPTI enters into an agreement to acquire two affiliate companies
EPTI Enters Into An Agreement To Acquire Two Affiliate Companies
16-Feb-2023 / 09:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
EPTI Enters Into An Agreement To Acquire Two Affiliate Companies
EPTI Enters Into An Agreement To Acquire Two Affiliate Companies
EPTI AB (publ) (“EPTI” or the “Company”) has today, through its subsidiary EPTI Marketing AB entered into an agreement to acquire two affiliate companies within the iGaming industry. The acquisitions are expected to contribute an EBITDA result of approximately SEK 33 million to EPTI Service in 2023. The purchase price amounts to a total of EUR 4.7 million in cash, payable in two tranches. Initially, EUR 3.5 million (approximately SEK 40 million) will be paid and the remaining EUR 1.2 million (approximately SEK 13 million) will be paid approximately 12 months after the completion of the transactions. The transfer agreements are conditional on EPTI securing financing by March 31, 2023. The company’s intention is to finance the acquisitions through a combination of loans and cash, and thereby avoid dilution for existing shareholders in EPTI.
EPTI Enters Into An Agreement To Acquire Two Affiliate Companies
“EPTI continues the communicated strategy to streamline EPTI’s business model with a greater focus on EPTI Service and its software development and marketing services. We see great potential in the acquired companies which contribute with strong cash flows and solid lead generation resources,” said Arli Mujkic, CEO and Founder, EPTI.
EPTI Enters Into An Agreement To Acquire Two Affiliate Companies
Background and rationale
The acquired companies are two prominent affiliate players in iGaming. In April 2022, EPTI AB acquired the SEO company EPTI Marketing, which is organizationally part of the EPTI Service business area. By acquiring additional affiliate partners, EPTI Marketing strengthens…
EPTI Enters Into An Agreement To Acquire Two Affiliate Companies
..