Transaction · Crypto / Digital Assets · 2022

GSTechnologies / Glindala 2022

Name: GSTechnologies / Glindala 2022
Creator: Windsor Drake

GSTechnologies acquired Glindala on August 24, 2022.

Target: Glindala
Acquirer: GSTechnologies
Announced: August 24, 2022
Sub-sector: Crypto / Digital Assets

Transaction overview

GSTechnologies announced the acquisition of Glindala on August 24, 2022.

Strategic rationale

Acquire regulated crypto exchange and wallet platform in Lithuania to launch stablecoin-based cross-border payments network and settlement infrastructure for GS Money.

Deal terms & multiples

Deal value: Not disclosed
Target revenue: Not disclosed
Target EBITDA: Not disclosed
EV / Revenue: Not disclosed
EV / EBITDA: Not disclosed
Announcement: August 24, 2022
Acquirer: GSTechnologies (Strategic)
Sub-sector: Crypto / Digital Assets

Sources

directorstalkinterviews.com /gstechnologies-soft-launches-its-gs20-crypto-exchange/4121090765

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