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M&A Deal Summary

Elys BMG Group Acquires Engage

On February 2, 2023, Elys BMG Group acquired information technology company Engage for 1M EUR

Acquisition Highlights
  • This is Elys BMG Group’s 1st transaction in the Information Technology sector.
  • This is Elys BMG Group’s 2nd largest (disclosed) transaction.
  • This is Elys BMG Group’s 1st transaction in Italy.

M&A Deal Summary
Date 2023-02-02
Target Engage
Sector Information Technology
Buyer(s) Elys BMG Group
Deal Type Add-on Acquisition
Deal Value 1M EUR

Target

Engage

Fidenza, Italy
Engage is a software engineering and IT development firm that develops sportsbook and gaming applications for cloud, web, and mobile platforms, user experience development, customized business intelligence, digital transformation consulting, end-to-end project and product management, Microsoft solutions, and other engineering and development projects. Engage is based in Fidenza, Italy.

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Buyer(S) 1

Buyer

Elys BMG Group

Toronto, Ontario, Canada
Category Company
Sector Gaming
Employees87
Revenue 43M USD (2022)
DESCRIPTION

Elys BMG Group is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. In Italy, Elys offers its clients a full suite of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and slots. Elys BMG Group is based in Toronto, Ontario.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Italy M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 USBookmaking

Las Vegas, Nevada, United States

USBookmaking offers sports wagering and consulting services. USBookmaking is a provider of sports wagering services such as design and consulting, turn-key sports wagering solutions, and risk management. USBookmaking was founded in 2016 and is based in Las Vegas, Nevada.

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