Raketech grows US footprint with $15.5m acquisition of ATS Consultants

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Raketech, the igaming efficiency advertising and marketing accomplice, has accomplished the acquisition of ATS Consultants in a transfer, stated the agency, that strengthens its sports activities portfolio and US footprint. 

First introduced on November 9, 2021, the money and share deal sees all belongings and liabilities reminiscent of Winnersandwhiners.com, in addition to Statsalt.com and Pickpapa.com collectively with the workers of ATS built-in as half of Raketech.

In a press release, Raketech confirmed it has recognized a number of development and improvement alternatives for the acquired belongings, such because the implementation of its personal know-how infrastructure and introduction of affiliate internet marketing gross sales in all licensed states within the US. 

As beforehand introduced, in consequence of the acquisition, the agency is predicted to achieve over $56.5m in annual income with an EBITDA margin exceeding 40%.

CEO Oskar Mühlbach stated: “With all formalities now efficiently closed I look very a lot ahead to combining our business fashions and to share know-how and know-how between our groups to deal with the so vital US market. 

“As a matter of truth, with this acquisition, over 20% of our revenues is predicted from the US already throughout Q1 of subsequent yr, placing us in a superb place within the speedy rising US market. Furthermore, I’m completely happy that we – by means of this acquisition – strengthen our US group with a robust native staff with prolonged information inside the US sports activities business. I’m assured that collectively with the ATS staff we will speed up the expansion of our market share within the US sports activities business.”

The agreed buy worth amounted to $15.5m on a money and debt free foundation, settled in a money cost of $12m as per closing and a further money cost of $1m six months post-closing. The remaining half of the acquisition worth of $2.5m will likely be settled by means of Raketech shares with a 36-month lock-up interval. 

https://sbcamericas.com/2021/12/10/raketech-grows-us-footprint-with-15-5m-acquisition-of-ats-consultants/

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