Transaction · Crypto / Digital Assets · 2022

GSTechnologies / Glindala 2022

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.
  • The deal is expected to close pending customary conditions.

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
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
August 24, 2022
Acquirer
GSTechnologies (Strategic)

Frequently asked questions

When did GSTechnologies announce the acquisition of Glindala?

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

What sub-sector is Glindala in?

Glindala is tracked in the Crypto / Digital Assets sub-sector.

Sources