This allows the company to take position in several emerging markets in Latin America such as Argentina, Mexico, Peru, and Infinileads’ current core markets like Spain, Italy and Portugal.
Infinileads offers a free-to-play casino game library, whose proprietary module is expected to bring synergies to Raketech’s Free-to-play portfolio in order to further accelerate gamification, as well as offering marketing solutions to game providers and game studios.
The agreed purchase price amounts to EUR 4.5 million on a cash and debt free basis, which will be payable in two installments between July 2021 and January 2022.
Raketech’s CEO, Oskar Mühlbach stated in a press release that, through the acquisition of Infinileads, “we significantly increase our geographical footprint, taking strong positions on the emerging Latin American market as well as Southern Europe”. He also added that “Infinileads scalable product portfolio aligns well with our scalable platform strategy, and they have proven that, with relatively low investments and short go-to-market time, it is possible to take significant positions in emerging markets”.