Malta – Kindred acquires Relax Gaming to increase its focus on product differentiation

kindred

Kindred Group plc (Kindred) has agreed to buy the remaining 66.6 percent of Relax Gaming’s outstanding shares.

The transaction values the company at up to EUR 320 million (Enterprise value). But the total value of the outstanding shares is approximately €295 million (Equity value). Kindred will pay an initial consideration of approximately €80 million, which will be settled in cash upon completion.

Relax Gaming is a market leader in B2B iGaming software, designing and developing online casino games. It and supports them with an open distribution platform for third-party aggregation as well as proprietary poker and bingo products.

“Through this acquisition, we add a rapidly growing and profitable B2B business with a world-class product portfolio, giving us greater control over our casino, poker, and bingo offerings, and putting Kindred in a significantly better position to achieve our long-term strategy of increasing our focus on product differentiation and customer experience,” says Henrik Tjärnström, CEO of Kindred Group.

 

Categories:

Tags:

Share:

Facebook
Twitter
LinkedIn
Email
Nassima Azmzm

Nassima Azmzm

Leave a Comment

3 responses on "Malta – Kindred acquires Relax Gaming to increase its focus on product differentiation"

  1. Reduction of pregabalin dose may be required in patients who have age related compromised renal function see DOSAGE AND ADMINISTRATION stendra vs viagra

  2. Very few patients have died in any of these trials, and even for the NSABP study 3 there was no direct evidence of a reduction in breast cancer mortality six patients on placebo versus three patients on tamoxifen cialis

  3. Each bar represents the mean SEM n 5 per group costos de kamagra Traditional corneal transplant surgery

Leave a Message



Qasiknow.com is born out of the necessity of sharing information and knowledge with everyone in the gaming industry who is interested in learning, growing, discovering different points of view and ways of doing things.

Upcoming Events

top
Copyright ©️ Qasiknow.com | All rights reserved.