Bragg Gaming Acquires German Studio Gamomat in €185M Deal to Strengthen DACH Footprint
Bragg Gaming Group has announced the acquisition of Berlin-based slot developer Gamomat for €185 million, marking one of the largest content studio deals of 2026. The transaction is expected to significantly expand Bragg's proprietary content library and accelerate its growth across regulated German-speaking markets.
Toronto-listed Bragg Gaming Group confirmed on Monday it has reached a definitive agreement to acquire German slot developer Gamomat in a cash-and-stock transaction valued at €185 million. The deal, which is expected to close in Q4 2026 pending regulatory approval from Germany's GGL, will bring Gamomat's catalogue of more than 250 land-based and online titles under Bragg's growing portfolio of proprietary studios, joining Wild Streak Gaming, Spin Games, and Atomic Slot Lab.
Founded in 2008, Gamomat has built a strong reputation in the German retail gaming sector and successfully transitioned to online following the country's State Treaty on Gambling reforms. The studio currently supplies content to over 40 operators across Europe and reported approximately €42 million in revenue for the 2025 fiscal year. Bragg CEO Matevž Mazij described the acquisition as a 'transformative moment' for the company, citing Gamomat's deep market expertise and proven hit titles such as Books & Bulls and Roman Legion as strategic assets that complement Bragg's existing North American-focused studios.
The deal underscores accelerating consolidation in the iGaming content supply sector, where mid-tier studios with strong regional IP are commanding premium multiples. Analysts at Regulus Partners noted that the 4.4x revenue multiple aligns with recent comparable transactions and reflects the strategic value of established German market presence as the country's regulated online vertical continues to mature. Gamomat will retain its Berlin headquarters and existing leadership team, operating as a standalone studio brand within Bragg's structure.
Bragg also indicated that the acquisition would accelerate its content roadmap for newly regulated US states and Latin American markets, with plans to adapt selected Gamomat titles for jurisdictions including Pennsylvania, Michigan, and Brazil during 2027. The company expects the deal to be immediately accretive to adjusted EBITDA and projects combined annual revenue exceeding €165 million for the merged content business in its first full year of integration.