CentralNic Group plc (GB:TIG) has released an update.
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CentralNic Group plc has successfully completed the acquisition of Shinez I.O. Ltd for a total enterprise value of $43.2 million, which could increase by an additional $12.3 million contingent on financial targets. The acquisition is set to substantially boost the Group’s 2023 pro forma financials, with expected gross revenue of approximately $948 million and an anticipated high single-digit percentage increase in adjusted EPS. CEO Michael Riedl expresses enthusiasm for the strategic growth and enhanced online marketing solutions that the acquisition is poised to deliver.
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