The Gaming Innovation Group (GiG), a leading force in digital marketing and media for the online gaming industry, announced today (26) the successful completion of the acquisition of Titan Inc. Limited, following the letter of intent signed in June. This strategic move strengthens GiG's operational capabilities and consolidates its market strength within Gentoo Media (formerly GiG Media), its thriving media & affiliate business.
The integration of Titan will drive cost savings and operational efficiencies for the publishing division of Gentoo Media. SEO and content costs are expected to be significantly reduced for the operations consolidated under Titan.
Additionally, Titan's expertise will optimize the quality and launch timing of businesses, which is expected to increase revenue within the division.
Jonas Warrer, CEO of Gentoo Media and interim CEO of the GiG group, commented: "I am pleased to announce that we have completed the acquisition of Titan. This acquisition is aligned with our strategic goals of improving operational efficiencies and strengthening our market position”.
"The integration of Titan's SEO and content expertise will enhance our service capabilities. We look forward to realizing the benefits this will bring to our operations and stakeholders".
In 2023, Titan Inc. Limited reported revenues of €3.3 million and an EBITDA of €720,000. The acquisition was valued at €3.2 million, with €1.1 million paid at closing and two annual installments of €1.05 million to be paid after twelve and twenty-four months.
The Gaming Innovation Group is a leading iGaming technology company, providing solutions, products, and services to iGaming operators. Founded in 2012, the company's vision is "to be the industry's leading platform, sportsbook, and media provider, offering world-class solutions to our iGaming partners and their customers".
"The mission of GiG is to drive sustainable growth and profitability for our partners through product innovation, scalable technology, and service quality".
Source: GMB
