Pollard Banknote to acquire app developer mkodo

Canadian lottery provider pays initial £7.8m to acquire app specialist

Lottery solutions giant Pollard Banknote today agreed a deal to acquire London-based app development firm mkodo for an initial £7.8m. Completion of the sale is dependent on regulatory and third-party approval and the purchase price could rise depending on mkodo’s EBITDA-based earn-out payments. Canada-headquartered Pollard Banknote provides B2B services, including instant tickets, merchandising solutions and…

Canada | Lottery | M&A | Mkodo | Pollard Banknote | Stuart Godfree