Team17 Purchases Astragon

Sports News

Published January 13, 2022 | by gareth

Interesting news here.

Ideas for the company astragon Entertainment GmbH is happy to announce that Team 17, a global sports label, a friend and creator of an independent (indie) video game and a publisher, co-founder and developer of child education programs, have entered into a definite partnership to secure Ideas for the company astragon Entertainment GmbH considering the starting cost of paying €[75] million (£[63] million), I think again until €[25] million (£[20] million).

Getting ideas & reviews

Access to astragon are in line with the Group’s growth strategy and, in the opinion of the company’s management, are expected to bring significant benefits to the Group, including:

• It helps Team 17 joining a new and expanded simulation team, greatly strengthening Team 17his role as a provider of sports entertainment to the masses.

• It also brings in a strong team of franchises whose owners are always green with an IP with over 20 games created over the past 10 years and a steady stream of growing content.

• Powered by Team17 ‘s strategic partnerships, combined with steady growth and business events, astragon has the potential to build on its existing foundations and accelerate the growing process to fulfill its ambition to become the world’s number one sports matchmaker.

• Availability runs Team17 ‘s access to consumer goods in the highest quality comparisons the Group believes the need for non-violent and cohesive games has grown as a result of the COVID-19 epidemic.

• The Acquisition brings together a talented team of professionals Team 17, who will continue to work and stand alone in the development team while providing opportunities to support each other by focusing on creating and publishing games in their teams.

• A combination of both Team 17 and astragon creates exciting business opportunities with multiple brands from other industries and social media.

astragon is profitable and has shown steady growth of 45% EBITDA CAGR from 2017A – 2020A led by economic growth of 18% CAGR from 2017A – 2020A, which was made from various financial means from its expertise on development, printing and licensing. The results of the analysis show astragon products c. € 26 million in cash and € 5.7 million in EBITDA for the year ended 31 December 2020 and had tracked a total net worth of about € 13.8 million as at 31 December 2020.

Julia Pfiffer and Tim Schmitz, CEOs of Ideas for the company astragon Entertainment GmbH, comments:

“Team17 is the best house for astragon Entertainment GmbH as we head into this exciting new theme. From day one we saw that Team17 shared the same vision in our game and understood the team we wanted. to change and look at this approach. We look forward to the opportunity that will be opened by working with those we believe are partners to meet our aspirations. “

Debbie Bestwick MBE, CEO of Team 17, comments:

“We are delighted to host the astragon team at Team17, and we hope to be in touch with one of the world ‘s leading experts in the field of testing.

“At Team17, we have been constantly striving to create, produce and distribute the best content for as many audiences as possible. With the addition of StoryToys and the development of our Game Label, which includes the recently acquired ‘The Label’ USA based on ‘The Label’ and now with astragon, we have developed the interest of Team17 in a large group of players, including several races and age groups. ”

“We look forward to working closely with the CEOs of astragon Julia and Tim and their entire team who share what we want to grow their IP names on the path to creating a world-class brand as part of the Team17 family.”

About the Author

Syndicated video & game critic, writer, writer and guest frequently on the radio. His work has appeared in more than 60 books around the world and he is the creator of the thrilling hiking and publishing “Skewed and Reviewed”. It has three video books, game reviews and printed interviews and is well-spoken and sought after in the conference section. Gareth has appeared in films and is a regular guest at Seattle’s premier morning show. He has also appeared briefly in films such as “Prefountaine”, “Postal”. “Far cry”. and others. Gareth is also a popular speaker at a number of conferences and has been making popular panels for more than two decades.

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