Playtech Acquiring ACM Group

Sat, Aug 26, 2017

Playtech, part of the TradeTech Group, has announced it is purchasing technology, intellectual property and customer assets from ACM Group. The company said the acquisition will include an initial $5 million payment with further payments capped at a total of $150 million.

Playtech is acquiring UK-based B2B market maker, dealer and broker ACM group through a purchase of technology, intellectual property and some customer assets.

Terms for the acquisition include an initial payment of $5 million and additional payments, with the total value capped at $150 million. ACM will join TradeTech Group’s financials division.

“This is a significant step in the evolution of TradeTech,” said Ron Hoffman, chief executive officer of Playtech’s financials division. “The financial trading industry is driven by the core capabilities of platform technology, customer acquisition and retention, CRM management, and financial trading and risk management expertise. 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 B2B clients across the industry.”