Raketech Announces Acquisition of American Gambler
Affiliate marketing firm Raketech has announced an acquisition of US-based affiliate site americangambler.com (American Gambler). As a result of the acquisition, Raketech’s revenues within the US are expected to reach approximately 5-10% of the group’s total revenues in Q4 of this year. The agreed purchase price is EUR 5m.
“The acquisition of American Gambler is an important strategic move for us, shifting the US from a strategic target to a strategic market. And by expanding the American Gambler’s service offering to more and more states with the support from our strong core operations team and technology platform, I foresee great opportunities for growth,” Oskar Mühlbach, CEO of Raketech, said.
“To join forces with a larger professional player with a proven track record is the best choice for American Gambler, an already strong product on the US market. With this partnership, American Gambler have secured both financial muscles and a strong infrastructure in order to become one of the leading brands on the US market. I am happy that Raketech identified the potential in American Gambler and gave a helping hand to realize its full potential for years to come,” Alexander Kostin, Founder of American Gambler, said.
