Net Gaming to acquire DACH region affiliate assets
Lead generation firm announces intent to purchase affiliate business focusing on Germany, Austria and Switzerland for an initial €2.3m
Net Gaming has agreed a deal to acquire a number of affiliate assets across Germany, Austria and Switzerland.
The initial purchase price of €2.3m will be settled with cash while an additional payment of €1.3m could be triggered depending on EBITDA performance over a 12-month period.
The operations reportedly show strong growth and are expected to generate quarterly sales of approximately €200k, with an operating margin of around 75%.
RB Capital is acting as the sell-side advisor for the transaction, which remains subject to a diligence process.
“I am very pleased that we have the opportunity to strengthen our position in the DACH region,” said Net Gaming CEO Marcus Teilman.
“This is an exciting market which we consider to have good growth opportunities ahead.
“In addition, completion of this transaction will give us further opportunities to grow our existing operations in the region, and expand these assets to other markets,” he added.