Gambling technology provider Playtech has bolstered its financial services division via the acquisition of assets from ACM Group Limited.

On Wednesday, Playtech announced that it had reached a deal to acquire “technology, intellectual property and certain customer assets” of UK-based ACM (aka Alpha), a “B2B market maker, dealer and broker focused on delivering bespoke risk management and trading services to institutional and professional clients.”

The deal requires Playtech to make an initial upfront payment of $5m, plus two staged payments based on 1x EBITDA of 2017 and 2018, as well as a contingent consideration of 5.2x 2019 EBITDA, minus the other payments. The total consideration will be capped at $150m. Playtech expects the deal to be concluded by September 30, 2017.

The ACM assets being acquired include a portfolio of international B2B clients, proprietary trading technology, and the institutional-focused Alpha Pro trading platform. About 20 UK-based members of ACM’s trading, risk, dealing and biz-dev teams will accompany the transferred assets to their new Playtech home.