AXL Affiliates Ltd, one of the biggest online advertising networks, based within the EU, acquired ASTUTE MEDIA GROUP as well as all the firm’s affiliated companies. ASTUTE MEDIA LTD is a global advertising platform and previous to the merger it was one of the biggest competitor for AXL Affiliates.

The purchase will help AXL Affiliates reach new markets and territories increasing the traffic that the company will be able to send to various partners as well as making possible the introduction of new industries and segments in the business profile.

“With this amazing acquisition, by far our biggest one so far, we are reaching new heights in our quest for becoming one of the top online advertising companies. AXL Affiliates is a fast-growing company and I am confident that this acquisition will double the numbers both for us and for our clients.” – said Alex Munteanu, Founder and President of AXL Affiliates.

The acquisition of ASTUTE MEDIA LTD for the record-breaking amount of £22 million represents a climax for AXL Affiliates who now has all the resources in-house for becoming a top online advertising agency.

The accession of AXL Affiliates, following this acquisition, will create new opportunities for further expansion as well as for a possible IPO.

“As a result of this acquisition, in the coming weeks, AXL Affiliates will send 10x more traffic to its partners. Our expectations are that by mid-2018 the AXL group will be able to organically send more than 40M visitors per day to its partners.” – added Alex Munteanu, Founder and President of AXL Affiliates.