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Betsson purchases 50% stake in JDP Tech strengthening LatAm operations

Posted:: Apr 20, 2021 15:38 Category: M&A Action , Online , Payments , Posted by Maria

Betsson will be investing €8.8m in JDP Tech: a specialist processing firm for the South American Market

Sweden listed operator Betsson has strengthened its operations in Latin America by acquiring 50% of the shares in software development company JDP Tech through its subsidiary, Betsson Perch. The acquisition deal is worth €8.8m and Betsson will be settling this in shares.

Pontus Malta based JDP Tech operates a payment processing platform in LatAm markets. According to Betsson, this purchase will secure customer payment flows for its continued expansion efforts in Latin America.

Pontus Lindwall, CEO of Betsson AB commented saying “LatAm is a strategically important region for Betsson and we see great future potential for the company there. With this strategic investment Betsson is well positioned to further expand our business in the LatAm iGaming market.’

In 2020 Betsson expanded its presence in South America launching new sportsbook ventures in markets like Peru, Brazil and Colombia.

Last week Betsson announced that it had secured a joint venture agreement with Big Bola Casinos.

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