Continous further M&A to leverage our business
MGI has acquired over 35 accretive companies and assets in recent years. Until 2020, the targets were mostly smaller companies which, among other things, did not have sufficient prospects in the market due to their size as a stand alone company. Through integration and re-focus after the acquisition, however, they were then, based on synergies and economies of scale, able to quickly generate positive contribution margins, so that the acquisitions paid off after a short time and contributed to MGI’s strong growth.
Also due to the scale thus achieved, MGI has shifted its focus more towards larger and profitable companies and was able to complete the two large and transformative acquisitions Kingsisle and Smaato in 2021, with purchase prices exceeding the EUR 100m mark each. With LKQD, Beemray and Match2One, three further – much smaller but strategically also important – acquisitions were completed in 2021, adding essential technologies to MGI’s Ad Software Platform and lots of expertise in the form of FTEs to the group.
MGI has a clear strategic target list to further strengthen its operating business and thus also create significant value for shareholders. At the same time, both markets continue to offer a broad range of acquisition opportunities. These opportunities are also to be exploited in 2022 and MGI currently also has the financial resources to be able to execute further purchases.