Evoke plc will combine Winner.ro with its Romania-facing 888.ro business, resulting in the creation of the fourth largest brand by market share in the region, commanding 7%.
Evoke to acquire a majority stake in the business
Once finalized, the deal will see Evoke owning up to 57% of the business. The group holds an option to acquire the remaining stake three years after the acquisition closes.
Evoke CEO Per Widerstrom comments on the latest M&A strategy
Per Widerstrom, CEO of Evoke, shared insights on the company’s recent acquisition deal and its strategic vision in mergers and acquisitions (M&A). He emphasized that this move is aligned with Evoke’s long-term goals and growth plans. According to Widerstrom, the acquisition will solidify Evoke’s market position and provide significant opportunities for expansion.
“This acquisition is a strategic step forward, fully aligning with our overarching growth strategy. It allows us to enhance our service offerings and deliver better value to our stakeholders,” said Widerstrom.
M&a strategy overview
- Strengthening Market Presence;
- Diversification of Services;
- Enhancing Stakeholder Value;
- Expanding Geographical Reach;
| Quarter | Acquisitions | Revenue Growth |
|---|---|---|
| Q1 2023 | 3 | 15% |
| Q2 2023 | 2 | 20% |
Widerstrom emphasized that Evoke is constantly exploring new opportunities to strengthen its portfolio and drive growth. The company is optimistic about the future and remains committed to delivering exceptional value through strategic acquisitions.
Winner.ro takes the lead: a 2019 success story
Founded in 2019, Winner.ro has swiftly emerged as a formidable player in the online gaming industry. With its innovative approach and customer-centric focus, the platform has gained significant traction.
Impressive performance in early 2024
In the first half of 2024, Winner.ro’s performance soared. The platform reported record-breaking growth, with user engagement and revenue figures exceeding expectations.
Future plans on the Newton platform
Looking ahead, Winner.ro is set to merge operations on the Newton platform. This strategic move aims to enhance user experience and drive further growth, positioning the company for sustained success.
