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Raketech strengthens US portfolio with ATS Consultants acquisition


Affiliate business Raketech has added to a recent string of acquisition deals, purchasing the assets of US-facing tipster ATS Consultants.

The agreed total purchase price is $15.5m on a cash and debt-free basis, with $12m of this to be paid on closing and a further $1m post-closing.

A further $2.5m will be settled through the issuance of new Raketech shares.

The number of Raketech shares issued will be determined by the volume-weighted Raketech share price 30 trading days prior to the closing date. The shares will also be subject to a lock-up period of 36 months following the completion of the transaction.

ATS provides tailored pre-game insights for sports, counting, and among its assets in the US.

The deal includes 20 employees in Baltimore. ATS staff will continue to operate from this Baltimore office under current chief executive officer Jordan Abrams.

“I am thrilled that we are able to follow up the latest acquisition of P&P Vegas Group with yet another strategically important acquisition in the US,” Raketech chief exectuive Oskar Mühlbach said.

“This market is of specific interest to us as it is expected to grow substantially with the next years. And I believe that adding Raketech’s commercials and operational ability to the acquired assets is a great way to maximize this opportunity.”

The acquisition adds to Raketech’s recent purchases in the US, including QM Media AB in a deal worth €16.0m, while the business also announced its acquisition of Spanish organic casino affiliation marketing company Infinileads and its key assets and

The ATS acquisition will close no later than December 15.