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.
