Acroud considers potential accretive acquisition within the affiliation and media space
Acroud AB (publ) ("Acroud" or the "Company") continues to have an opportunistic approach to M&A in line with its strategic agenda and is now considering a potential accretive EUR 5.5 million acquisition within the affiliation and media space, expected to contribute over EUR 9 million to the Company's revenues and over EUR 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 the Company's leverage going forward, which is in line with the revised financial targets as presented in a press release on 4 May 2022. The potential acquisition comprises of affiliation assets within the iGaming market. If the potential acquisition materialises, the transaction will see the Company investing approximately EUR 1million in shares and approximately EUR 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.
Responsible parties
This information constitutes inside information that Acroud AB (publ) is required to disclose under the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons below, at the time specified by Acroud AB’s (publ) news distributor Cision for publication of this press release. The persons below may also be contacted for further information.
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
Roderick Attard, CFO
+356 79254722
ACROUD AB (publ)
Telephone: +356 2132 3750/1
E-mail: info@acroud.com
Website: www.acroud.com
From August 2021 (Q221 Report) report Acroud has changed reporting and company language to English. This means that onwards press releases will only be communicated in English. However, Interim Reports and the correlated press releases will be issued in both English and Swedish, with the English version superseding the Swedish version.
About ACROUD AB
ACROUD is a fast-moving challenger in the space of iGaming Affiliation and B2B SaaS Solutions. Along with its core affiliate business, which contains 30+ comparison and news sites under strong digital brands in multiple verticals, Acroud develops and offers SaaS (Software as a Service) solutions within the affiliate industry. The company also provides streaming services and runs the innovative gaming event – The Festival Series. Following a number of mergers in 2020 and 2021, many talented industry experts have joined Acroud's journey, leading the organization towards a Software-Based Affiliation company. Driven by the sustainable growth and profitability of our partners, our mission is to connect People, Content Creators (Youtubers, Streamers, Affiliates) and Businesses. Acroud has been listed on the Nasdaq First North Growth Market under the ticker symbol ACROUD since June 2018. The appointed Certified Adviser is FNCA Sweden AB, info@fnca.se, +46 8 528 00 399.