Better Collective announces the acquisition of Bola Webinformation for EUR 36M.

Denmark M&A 29 June 2018
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Better Collective, a Copenhagen, Denmark-based developer of digital platforms for bookmaker information, iGaming communities, and betting tips, announced the compeltion of the acquisition of all shares in Austrian based Bola Webinformation GmbH, including its flagship product

The purchase price has been agreed to 36.3 million EUR to be paid in cash.  This is the eleventh and largest thus far acquisitionfor Better Collective.

Bola Webinformation GmbH, founded in 2008 and led by CEO Florian Körner, owns strong brands focused on sports betting, including the flagship product, which is the leading affiliate website in the German sports betting market.

On a proforma basis, and after adjustment for certain non-core assets of the business that were divested before completion, the Company generated revenues of approximately EUR 9 million and EUR 6,5 million in operating earnings (EBITA) in 2017.