- ESE Entertainment (TSXV:ESE) has aquired Bombee Global Entertainment Ltd., the North American arm of Bombee Event Production AB
- This acquisition will see Bombee Americas, the North American division of Bombee, continue to expand and scale under the new organizational structure of ESE
- ESE acquired all outstanding shares of Bombee Americas in exchange for $750,000 in cash paid at closing, $375,000 in cash to be paid six months after closing, $375,000 in cash to be paid 12 months after closing and 30 million common shares
- ESE Entertainment stock opened trading at $0.095
ESE Entertainment (TSXV:ESE) has acquired Bombee Global Entertainment Ltd., the North American arm of Bombee Event Production AB. Bombee is renowned globally for its expertise in live production, special effects, broadcast, and event management within the gaming sector.
This acquisition will see Bombee Americas, the North American division of Bombee, continue to expand and scale under the new organizational structure of ESE. Bombee Americas will maintain its entire team and global support network, ensuring continuity and growth in its operations.
The acquisition was finalized through a share purchase agreement between ESE, Bombee Americas, and the shareholders of Bombee Americas. Under the terms of the deal, ESE acquired all outstanding shares of Bombee Americas in exchange for:
- $750,000 in cash paid at closing
- $375,000 in cash to be paid six months after closing, subject to customary adjustments based on Bombee Americas’ working capital at closing
- $375,000 in cash to be paid 12 months after closing
- 30 million common shares of ESE, issued at a price of $0.10 per share
Along with the acquisition, the founders of Bombee Americas have signed three-year service agreements and will continue to lead the business post-closing. This move is expected to enhance ESE’s capabilities in delivering premier event production services and world-class customer service across North America and beyond.
“Today marks the next stage of ESE – a 2.0 version of our company. With the acquisition of Bombee Americas, we are not only solidifying our presence in North America but also paving the way for growth and innovation in the gaming industry,” ESE’s CEO, Konrad Wasiela, said in a news release. “This is a major step, positioning us to deliver even greater value to our partners and elevate the gaming experience for our clients globally. We’re thrilled about the opportunities ahead and the exceptional talent joining our team.”
The two companies have worked together and pooled resources frequently in the past. Bombee boasts a client roster featuring notable names such as Microsoft (NDAQ:MSFT), AMD (NDAQ:AMD), Electronic Arts (NDAQ:EA), Ubisoft (OTC Pink:UBSFF) and others.
A leading player in the esports and gaming industry, ESE Entertainment is a global technology and fan-engagement company focused on gaming and esports that provides a range of services to leading video game developers.
ESE Entertainment stock (TSXV:ESE) opened trading up 41 per cent at $0.095 per share and has risen 13.33 per cent since the year began.
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(Top photo via ESE Entertainment Inc.)