Game Lounge Expands into UK and German Affiliate areas through Interclick Acquisition
Major affiliate network Game Lounge Ltd. today announced that it has penned an understanding to purchase the important assets of affiliate company Interclick Ltd. Therefore, the Malta-based provider of affiliate marketing online services for the Scandinavian online euro palace casino ipad video gaming markets will expand its presence into the rapidly growing UK and German markets.
Game Lounge will spend the quantity of $1.5 million for the acquisition that is latest. The organization shall finance the transaction through cash. Interclick is anticipated to boost Game Lounge’s yearly income by €1.3 million and its own EBITDA by the approximate of €1 million. The affiliate marketing provider said it expects return on its opportunities within significantly less than eighteen months.
Interclick happens to be servicing the united kingdom and German areas for 14 years. By acquiring the company, Game Lounge will incorporate a lot more than 40 domain names and a number that is wide of records into its own operations.
Commenting in the deal, Game Lounge CEO and founder Jonas Cederholm said that it’ll accelerate euro palace mobile casino no deposit bonus their company’s technique to expand away from Nordic markets and they expect to experience the huge benefits from their latest acquisition from time one.
Victor Lerenius, Chief tech workplace of Game Lounge, pointed out that the deal can be an essential action towards their expansion into core European areas. (more…)