London-listed gaming technology and services provider Playtech has acquired UK-based ACM Group (Alpha) to strengthen its financial trading division, which will now be renamed TradeTech Group to better reflect the full capabilities of the business.
Playtech will make an initial up-front payment of US$5m to acquire Alpha, with the total consideration capped at $150m. This includes two staged payments based on 1 x EBITDA of 2017 and 2018, and contingent consideration based on 5.2 x the 2019 EBITDA.
The [...]
