An agreement has been signed between SW Nordic and Inkabet.
SW Nordic is a subsidiary of Betsson, which is looking to strengthen its position in South American market. The inked agreement will enable SW to overtake Inkabet’s online gambling business.
As per Gambling Insider, Pontus Lindwall, CEO of Betsson AB, said: “Through this transaction, Betsson continues to build market share in the LatAm region, following the previous acquisitions of JDP Tech Ltd, Suaposta and Colbet. This strengthens our position in a strategically important region where we have performed well and have big ambitions for the future”.
The acquisition amount has been reported to be close to $30 million in total, where initial amount payable is $25 million and additional sum of $4m payable via Betsson.