Adventure Box Technology AB plans to acquire iGaming assets, diversifying its portfolio and driving growth.
From GlobeNewswire: 2025-03-04 02:40:00
Adventure Box Technology AB has announced a non-binding Letter of Intent to acquire a portfolio of iGaming assets, including a marketing and affiliate company, Project Quantum. This strategic move will enhance Adventure Box’s market presence and drive long-term growth, with the acquisition expected to be financed through debt. The acquisition aligns with Adventure Box’s strategy to diversify its gaming portfolio and capitalize on the online casino sector’s growth, fueled by a 200% increase in Gross Gaming Revenue over the past year. Project Quantum’s unaudited management reports show a 2024 revenue of €12,500,000 and €4,500,000 of EBITDA. The deal is structured with a total consideration of €15,000,000, to be paid in cash and common shares over time, with the transaction expected to close by March 31, 2025. Adventure Box plans to integrate the acquired assets into its operations to unlock synergies and reinforce its position in the gaming industry. CEO Duncan McIntyre sees this acquisition as transformative, providing valuable marketing expertise to deliver best-in-class gaming experiences and drive revenue growth. Adventure Box remains committed to financing acquisitions through debt markets to support growth and expansion.
This information complies with the EU Market Abuse Regulation and was made public on March 4, 2025. For more information, contact Duncan McIntyre at [email protected] or +1 (778) 996-3596. Adventure Box is traded on Nasdaq First North Growth Market under the ticker ADVBOX and ISIN code SE0012955276. The Company’s Certified Adviser is Berg Securities, reachable at [email protected] or +46 739 49 62 50. Adventure Box is dedicated to delivering superior value to customers and stakeholders, positioning itself as a leader in the iGaming industry through strategic acquisitions and operational excellence.
Read more at GlobeNewswire: Adventure Box Technology AB Enters into Letter of Intent to