The integration of Titan will drive cost savings and operational efficiencies for Gentoo Media's publishing division. SEO and content costs are expected to be significantly reduced for operations consolidated under Titan.
Additionally, Titan’s expertise will optimize the quality and time-to-market of the business, which is expected to increase revenue within the division.
Jonas Warrer, CEO of Gentoo Media and acting group CEO of GiG, comments: “I'm pleased to announce that we have completed the acquisition of Titan. This acquisition aligns with our strategic goals to enhance operational efficiencies and strengthen our position in the market.”
“Integrating Titan's SEO and content expertise will improve our service capabilities. We look forward to realising the benefits this brings to our operations and stakeholders.”
In 2023, Titan Inc. Limited reported revenues of €3.3m and EBITDA of € 720,000. The acquisition was valued at €3.2m and structured with €1.1m paid at closing and two yearly installments of €1.05m to be paid after twelve and twenty-four months.
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-leading platform, sportsbook, and media provider delivering world-class solutions to our iGaming partners and their customers.”
“GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology, and quality of service.”
Source: GMB
