Raketech Group Holding PLC agreed to acquire QM Media AB for €15.9 million on July 7, 2021. The transaction amounts to €9 million in addition to as share issue of 3.9 million shares. The acquisition will be settled using Raketech’s current cash together with funding from Raketech’s credit facility. The purchase price represents a multiple of approximately 5.6x EBITDA and 3.8x revenues for the last twelve months. The employees of P&P Vegas Group Inc will become integrated part of Raketech. Raketech Group Holding PLC completed the acquisition of QM Media AB on September 16, 2021.