Gamigo AG acquired WildTanget
The gamigo AG today, via it’s 100% subsidiary gamigo Inc., acquired substantially all assets of the US games publisher WildTangent Inc. (“WildTangent”). The purchase price is in the mid-single-digit million US dollar range. The parties have agreed not to disclose the exact purchase price. The assets include, among others, a portfolio of over 4,000 games, which are distributed via the company’s own platform and in close cooperation with leading computer and laptop manufacturers. The acquired business of WildTangent is expected to contribute to revenues with a mid-single-digit million US dollar amount in the current financial year and to positively contribute to the gamigo group’s EBITDA from the date of acquisition.
In addition to the positive financial figures, gamigo expects the acquisition to generate significant synergies with gamigo’s current gaming activities and portals. WildTangent operates a gaming platform with more than 4 million visitors per month, a network of more than 400 game developers and publishers, a substantial customer base, as well as contracts for the distribution of the games portfolio via leading computer manufacturers.
With this acquisition, gamigo AG continues its series of successful acquisitions using the consolidation potential of the market. Based on its platform strategy, synergies between gamigo and the acquired companies can be leveraged and thus contribute to the further profitable growth of the group. With the current acquisition of the WildTangent assets as well as the Trion Worlds assets at the end of 2018, gamigo significantly strengthened its position in the USA, one of the world’s largest gaming markets.
Remco Westermann, CEO of the gamigo group: “We are very happy about this successful acquisition and can thus further expand our market position in the USA. WildTangent is profitable from day one after the acquisition and will as such immediately contribute to gamigo group’s operating profit. The acquisition will allow us to further leverage economies of scale as well as synergies. We further continue our path of growth and continue looking for further suitable targets”.
The gamigo group is one of the leading publishers of online and mobile games in Europe and North America. The company’s diverse game portfolio includes free-to-play titles such as ArcheAge, RIFT, Trove, Defiance 2050, Ironsight, Aura Kingdom, Desert Operations, Echo of Soul - Phoenix, Fiesta Online and more...
Surce: Gamigo Group - WildTangent Inc.