Winvia Entertainment (LSE:WVIA) shares advanced 5.5%, to 237.4p, after the company agreed to acquire Rev Comps for £11.8m in cash.
Rev Comps is a UK family‑run, digitally‑led prize draw operator that generated revenues in excess of £80m and profit before tax of approximately £2.1m for the year ended 31 May 2025 and had gross assets of £6.5m at that date.
"The acquisition of Rev Comps represents another important step in delivering our strategy," said Mihai Manoila, Chief Executive Officer.
Under the asset purchase agreement the £11.8m consideration is payable in three instalments, 45% at completion, 34% subject to final audited accounts for the year to 31 May and 21% on the second anniversary, and the sellers may receive an earnout equal to 1.5x adjusted profit before tax growth above FY26 across the two years to 31 December 2027 and 31 December 2028.
The transaction will be funded from the group's existing cash resources, is conditional on migrating Rev Comps onto Winvia's core technology platform and customary conditions, and completion is expected by 1 July.
The acquisition expands Winvia's UK scale and customer base, retains key Rev Comps management, and Winvia says platform integration should enable data‑led marketing, improved acquisition, retention and conversion, operational efficiencies and faster rollout of subscription‑led features, with the deal expected to be earnings enhancing in the first full financial year following completion.
