Raketech has completed the acquisition of tipster ATS Consultants, growing its sports portfolio and US footprint

Raketech has completed the acquisition of tout ATS Consultants, growing its sports portfolio and US footprint.

All ATS assets, which includes websites such as Winnersandwhiners.com and Statsalt.com, as substantially as its employees, make now been structured with Raketech as it takes steps to strengthen its post inwards the US.

The Malta-based iGaming keep company claims to experience already identified several ontogeny and evolution opportunities for its young assets. This includes the effectuation of Raketech’s technology infrastructure, as intimately as the entry of affiliate marketing sales in all licensed US jurisdictions.

“With all formalities at present successfully closed I appear forrard to combining our commercial models and to portion engineering and know-how between our teams to accost the so-important US market,” remarked Raketech CEO Oskar Mühlbach.

“As a matter of fact, with this acquisition, o'er 20% of our revenue is expected from the US already during Q1 of next year, putting us in a salutary spatial relation in the rapidly growing US market.

“Furthermore, I am happy that through and through this acquisition, we testament strengthen our US organisation with a strong local squad with extended knowledge within the US sports industry.”

Raketech agreed ATS’ acquisition inwards November for $15.5m, with $12m to live settled inwards cash, followed by a further $1m hard cash payment after closing, spell the remaining $2.5m would follow paid via the issuance of young shares.

According to the company, the amount sum of money constituted sixer times ATS’ EBITDA and 2.5 times its revenues for the past 12 months.

Mühlbach concluded: “I am confident that, together with the ATS team, we testament follow able to speed up the growth of our market portion inwards the US sports industry.”

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