Verve Group: Synergies from Germany - Redeye

Redeye comments on Verve's announced acquisition. The company is acquiring Acardo Group for EUR24.5m, which corresponds to an EBITDA multiple of about 6x. With this acquisition, Verve strengthens its presence in Europe while gaining access to technology that makes the end consumer’s journey more seamless. We adjust our estimates in line with the company’s financial guidance.

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