GiG Bolsters Market Leadership with Titan Acquisition
Gaming Staff • August 26, 2024
Pc Games Indie Game Action Game Early AccessGaming Innovation Group (GiG) has completed the acquisition of Titan Inc. Limited, a leading provider of SEO and content services, for a total of MEUR 3.2. The deal is expected to strengthen GiG's market leadership within its media and affiliate business, Gentoo Media (formerly GiG Media), and improve operational efficiencies.
Titan reported revenues of MEUR 3.30 and EBITDA of MEUR 0.72 in 2023. The acquisition will result in cost savings and reduced SEO and content costs for Gentoo Media's publishing division. Titan's expertise is also expected to enhance the quality and timeliness of the business, potentially increasing revenue.
Jonas Warrer, CEO of Gentoo Media and acting group CEO of GiG, expressed his excitement about the acquisition, stating that it aligns with GiG's strategic goals to enhance operational efficiencies and market position. He also mentioned that integrating Titan's SEO and content expertise would improve service capabilities and benefit stakeholders.
The acquisition was structured with MEUR 1.1 paid at closing and two yearly installments of MEUR 1.05 each, to be paid after twelve and twenty-four months.
Gaming Innovation Group is a leading iGaming technology company that provides solutions, products, and services to iGaming Operators. Founded in 2012, GiG is dual-listed on the Oslo Stock Exchange under the GIG ticker and on Nasdaq Stockholm under GIGSEK. The company's vision is to be the industry-leading platform, sportsbook, and media provider delivering world-class solutions to its iGaming partners and their customers.
Exit Condition: One Launches - A Groundbreaking Sci-Fi VR Puzzle Adventure
Exit Condition: One, an immersive sci-fi puzzle adventure game, is set to release on Meta Quest and Steam on January 23, 2025
ReadTimeless Adventure Returns: Tales of Graces f Remastered Launches
Bandai Namco Europe has released Tales of Graces f Remastered, an enhanced version of the classic action RPG, on multiple platforms
ReadWelcome to "It's a Gaming World", your number 1 source of gaming and video game industry news and previews.