Announced
Completed
Financials
Tags
Friendly
Single Bidder
financial marketplace
FinTech
Private
Majority
Acquisition
Finland
Cross Border
Completed
Synopsis
Speqta, a digital media house, completed the acquisition of Eone, a fintech company, for $27.8m, plus an additional consideration of up to a maximum of $22m based on Eone’s achieved EBITDA for 12 and 24 months, respectively. “We are pleased to state that Speqta has completed the strategic acquisition of Eone and thereby Finland’s largest online brand within loan brokerage Rahalaitos.fi. The acquisition is transformative both strategically and financially. Strategically since Speqta broadens its offering within comparison sites and the finance vertical by becoming a broker. Financially since, based on the acquisition’s former result, Speqta will more than double its revenue at the same time as the result and cash flow will improve significantly,” Fredrik Lindros, Speqta CEO.
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