Acroud on Wednesday announced that it is considering a potential accretive acquisition within the affiliation and media space.

Without revealing the property it is considering, the company said the potential acquisition comprises of affiliation assets within the iGaming market.

In a statement, it said the company “continues to have an opportunistic approach to M&A in line with its strategic agenda and is now considering a potential accretive €5.5 million acquisition within the affiliation and media space, expected to contribute over €9 million to the company’s revenues and over €4 million to the company’s EBITDA annually.

Acroud’s management is of the view that the potential acquisition will be accretive for both equity and debt investors in the company as it will strengthen both profitability and cash flow while reducing its leverage going forward, which is in line with revised financial targets.

If the potential acquisition materialises, the transaction will see Acroud investing approximately €1million in shares and approximately €4.5million in cash, payable over a period of 18 months.

The cash payment is expected to be financed via Acroud’s existing cash and future operational cash inflow. The potential acquisition is subject to a final board approval and the parties entering into a definitive purchase agreement.

Continue Reading

Gammix Limited slams ‘outrageous and unsubstantiated’ €19.7m KSA penalty

1 March 2024
by iGamingCapital.mt

'The KSA has imposed upon our company a penalty that is both outrageous and unsubstantiated'

IZI Finance generates a pre-tax profit of €323,142 during the final six months of 2023

29 February 2024
by iGamingCapital.mt

An upturn in revenue largely came from operating Malta's National Lottery

EGBA welcomes confirmation of Frankfurt as seat of new EU anti-money laundering authority

28 February 2024
by iGamingCapital.mt

AMLA, which will commence operations in mid-2025 with over 400 staff members, will possess both direct and indirect supervisory powers over obligated entities, including the EU’s biggest financial institutions

‘People who fix things and those with a vision – that’s the fire I’m looking for’

27 February 2024
by Ramona Depares

VentureMax CEO Justin Anastasi reveals bold plans to support innovative tech projects in 2024

See more