GAN completes $149m Coolbet acquisition
GAN has announced the completion of the Vincent Group p.l.c. acquisition for a total purchase price of €149.1 million.
Integration of Coolbet’s industry-leading, proprietary sports betting technology into GAN’s current Business-to-Business technology stack began in earnest pending closing of the transaction.
GAN, CEO Dermot Smurfit Commented: “The completion of the Coolbet acquisition brings together two best-in-class offerings in the iGaming space today, and makes a powerful combination by creating a fully-integrated offering, customizable for each client’s needs. We have already started to welcome the Coolbet team of over 175 employees and engineering talent to our organization and expect the integration process to be seamless.
Over the last few weeks, the GAN and Coolbet teams have spent significant time together outlining our exciting future and have grown even more confident in the numerous revenue synergies that we see across both platforms. We look forward to leveraging one of the most complete solutions in our industry both domestically and internationally, and believe our growth platform is well positioned to drive long-term shareholder value.”