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NAGA Group merges with Key Way, targets €9 million in annual cost savings
NAGA Group completes its merger with Key Way Group, targeting €9 million in annual cost savings while expanding its global presence to 1.5 million users across 100 countries.
NAGA Group has merged with Key Way Group, the parent company of CAPEX.com, aiming to expand globally and achieve annual cost savings of €9 million. The merger, completed in six weeks with full regulatory approval, boosts NAGA’s user base to 1.5 million across 100 countries.
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The group plans to integrate CAPEX.com users into its platform, offering features like social trading and cryptocurrency services and expects the merger to generate an annual EBITDA boost of €4 million. Despite a 32% revenue drop to €39.7 million in 2023, NAGA is focused on driving growth through operational synergies and efficiency.
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Last update: Aug 30, 2024