DEAG subsidiary Myticket has acquired UK-based Gigantic Tickets.
Gigantic Tickets was founded by Mark Gasson (pictured) in April 2007. James Woodward joined the company in 2011 and the pair will stay on with the company as MDs under the new ownership.
Gigantic said the move "will provide future investment and stability into the existing Gigantic ticketing operations".
"We are extremely proud that we have established and maintained consistent growth for Gigantic in a competitive marketplace," said Gasson and Woodward in a statement. "We now look forward to continuing this growth alongside the committed team at Myticket."
Last year saw Gigantic rack up sales of just under one million tickets across the platform, while 2019 has seen the launch of its fan to fan re-sale platform alon g with its first foray into paperless ticketing on the Ed Sheeran summer 2019 UK shows.
A representative from My Ticket said: "Myticket limited is delighted to be working with Mark and James who have built a company with a reputation for providing reliable, customer focused and honest ticketing. Gigantic will remain an independent company and will continue to do great work for Promoters, festivals and customers throughout the UK."
Multi-faceted Germany company DEAG is also the parent company of promoter Kilimanjaro Live.