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The Marketing Group, which at the beginning of this year renamed RYVL, confirmed its intention to acquire Blockchain Nordic for € 4.8 million in a combination of cash, shares and loans.
Adds to the RYVL blockchain company portfolio. Last year he launched an advertising agency called Truth, based on blockchain technology, managed by Mary Keane-Dawson and Adam Hopkinson. However, both have abandoned the activity.
Adam Graham, Executive Chairman of RYVL, commented: "After the challenges that the group had to face, it was clear that we needed revolution, not evolution, and we carried out a fundamental pivot in the strategy combined with a complex acquisition. We believe this bold move is what the company needs to boost growth and improve shareholder value. "
Jesper Ohlenschlaeger, managing director of Blockchain Nordic, added: "To become a Powerhouse blockchain, being part of RYVL makes perfect sense.We have witnessed an explosion in this sector over the past two years, but to continue to be 39; a leading company in the northern part of Europe and expand our operations in Asia and America, we must be part of a larger company. "
Blockchain Nordic specializes in investments in indices, customized portfolios and manages its own cryptocurrency.
The marketing group renamed RYVL during the summer.
