Catena Media to acquire Slotsia.com
Catena Media has announced the acquisition of Swedish-focused casino affiliate Slotsia.com and its related assets.
In a statement confirming the deal, Catena said the purchase price amounts to an upfront payment of €3.6 million ($3.8 million), which will be paid as a cash consideration in conjunction with the transfer of the assets.
The deal also features an earn-out of maximum €5 million, based on revenue performance over a period of two years.
Catena expects the acquired assets to generate sales of approximately €300,000 in the first quarter of this year and a pre-tax profit margin more than 75%.
The assets will be consolidated in Catena as of February 1 this year.
Robert Andersson, chief executive of Catena, said: “We work continuously to identify attractive acquisition prospects that complement and strengthen our portfolio.
“Slotsia.com has demonstrated a solid growth, with an interesting content offering.
“This acquisition consolidates our leading affiliate position in Sweden even further.”
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