CentralNic Group plc (GB:TIG) has released an update.
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.
For further insights into GB:TIG stock, check out TipRanks’ Stock Analysis page.