Catena Media set to acquire Slotsia.com
Catena Media recently announced that it has signed an agreement to acquire the Swedish-focused casino affiliate Slotsia.com and its related assets.
Catena confirmed in a statement that the purchase price amounts to an upfront payment of €3.6 million, which will be paid as a cash consideration in conjunction with the transfer of the assets. This also includes an earn-out of maximum €5 million, based on revenue performance over a period of two years.
Updating its investors, Catena governance 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 2017.
Robert Andersson, chief executive officer of Catena, commented upon the announcement of the news: “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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