Egypt’s GBarena acquires Tunisia’s Galactech in a $15 million share swap deal

GBarena, the leading Middle East esports platform, today announced an agreement to acquire Tunisia-based Galactech, the gaming leader in North Africa alongside a significant presence in the GCC. The transaction expands GBArena’s footprint into the burgeoning North African market and signals their intentions to expand further including throughout the GCC.

Valued at around $15 million, in the form of a share swap, it marks the second Tunisian acquisition this month following Instadeep's whopping ₤562 million transactions by BioNTech. 

This marks a milestone transaction for GBarena in anticipation of closing its Series A later this year, with participation from investors in the US, Singapore and the Mena region.

This acquisition comes in alignment with GBArena’s planned expansion into GCC, including Saudi Arabia. With the entry into North Africa executed via this transaction, the focus will continue on further expansion in the Middle Eastern esports industry. GBArena will leverage the on-ground presence and capabilities that Galactech has in Riyadh, Dubai and Tunis. 

Galactech, founded in 2019, has been making waves in the North African gaming scene since its launch in 2019. With over 200,000 active users, they have become one of the most popular gaming platforms in North Africa and beyond in the region.