group (icon)

News from 2018

CentralNic Group PLC set to double in size with KeyDrive acquisition

Source: Proactive Investors, July 16, 2018.

Ben Crawford, chief executive of CentralNic Group PLC (LON:CNIC), tells Proactive’s Andrew Scott they’ve entered into a conditional agreement to acquire the entire share capital of KeyDrive.

The initial consideration is US$35.8 million, representing an enterprise value of US$44.5 million, plus a performance-based earn-out of up to US$10.5 million.

In 2017, KeyDrive generated revenues of US$58.26 million and adjusted underlying earnings (EBITDA) of US$5.87 million.

Watch the interview: