Playtech expands Financials division with $150m deal for ACM Group

Cornelia Mascio
Agosto 24, 2017

Playtech, whose products include casino, poker, bingo, sports betting and social gaming, said the deal terms included an initial up-front payment of $5 million and additional payments, with the total value capped at $150 million.

ACM is a UK-based B2B market maker, dealer and broker focusing on delivering bespoke risk management and trading services to institutional and professional clients.

The Company also announced that its Financials Division will, from now on, be known as TradeTech Group to better reflect the full capabilities of the businesses within the division and align its brand recognition throughout the industry. The financial trading industry is driven by the core capabilities of platform technology, customer acquisition and retention, customer relationship management, and financial trading and risk management expertise.

Playtech's Financials division, officially renamed TradeTech, will now comprise the B2B solution TradeTech Alpha, contracts-for-difference (CFD) and forex provider Markets.com, and CFH, which provides forex liquidity services. "The acquisition of Alpha's high-quality technology and teams of industry experts will significantly deepen our expertise in trading and risk management, allowing TradeTech Group to offer a full turnkey solution to business-to-business clients across the industry", said TradeTech Chief Executive Officer Ron Hoffman.

The acquisition of assets including the Alpha Pro trading platform and a portfolio of worldwide clients is expected to close next month.

Muhammad Al-Amin Rasoul, Chief Executive Officer of Alpha, said: "This is a natural fit for Alpha".

Cenkos Securities analyst Simon French noted that the reshaping of Playtech's Financials division would "likely heighten speculation it will be spun off as a separate business".

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