DGAP-Adhoc: blockescence plc: portfolio company gamigo AG acquires gamepublisher WildTangent Inc. in the form of an asset deal

DGAP-Ad-hoc: blockescence plc / Key word(s): Mergers & Acquisitions
blockescence plc: portfolio company gamigo AG acquires gamepublisher WildTangent Inc. in the form of an asset deal

04-Apr-2019 / 00:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Notes
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. blockescence holds 38% of the shares and 53% of the voting rights of the gamigo AG and is planning to increase it's stake.

CEO Remco Westermann: 'We are very happy about this successful acquisition which enabled gamigo to further expand its market position in the USA. WildTangent is profitable from day one after the acquisition and will contribute directly to gamigo group's operating profit and as a result of that also add to blockescences results. The acquisition allows gamigo to further leverage economies of scale as well as synergies.'
 

About blockescence plc:
blockescence is a strategic investment holding that focuses on a 'buy, build & sell' strategy of rapidly growing companies within consolidating TMT sectors. The blockescence portfolio companies grow through acquisitions as well as organic growth. New technologies are actively being used to create USP's and improvements in efficiency within the portfolio companies. One example is the implementation and the roll-out of the Distributed Ledger Technology (DLT or blockchain technology) to create competitive advantages within the portfolio companies. blockescence has its headquarter in Valletta (Malta), holds daughter companies in Switzerland and Germany, and is listed at the Frankfurt stock market as well as on XETRA.
 

Disclaimer:
This release may contain certain forward-looking statements based on current assumptions and forecasts made by the management of blockescence or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of blockescence and its affiliated companies and the estimates given here. Neither blockescence nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.
 

Press contact:

edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
E-mail: blockescence@edicto.de

Emitter:

blockescence plc
Soeren Barz, Head of Investor Relations
St. Christopher Street 168
Valletta VLT 1467
Malta
E-mail: info@blockescence.com
Web page: www.blockescence.com

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