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CentralNic Group PLC set to double in size with KeyDrive acquisition

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.

Quick facts: Centralnic Group PLC

Price: 41 GBX

LSE:CNIC
Market: LSE
Market Cap: £74.54 m
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Full interview: CentralNic triples revenue to 50m and lifts ebitda to 5m

CentralNic Group (LON:CNIC) has reported a tripling of underlying revenue and earnings and said it's confident that full-year results will be at around the top end of current market forecasts. CEO Ben Crawford dropped by Proactive London studios to also explain that the pipeline of future deals...

on 2/9/19

2 min read