Cherry acquires the remaining shares in ComeOn – becomes third largest player in the Nordics
Cherry AB (publ) has exercised its option to acquire the remaining 51 per cent of the shares in ComeOn Malta Ltd. As a result of this acquisition and strong organic growth, Cherry is expected to triple its revenues and become the third largest Nordics-focused private sector gaming company. The acquisition is also expected to deliver a sound basis for continued international expansion with strong brands.The combined company’s pro forma revenues for the third quarter of 2016 amounts to SEK 475 million with an EBITDA of SEK 109 million. The Cherry Group expects that with the acquisition of