Betsson Acquires JDP Tech to Help Fuel Latam Growth
Betsson Perch Investments AB, a subsidiary of Betsson AB, has acquired 50 percent of the shares in the software development company JDP Tech Ltd, which owns a proprietary technology platform for handling of LatAm payments. The consideration payable for the shares amounts to €8.8 million (£7.6 million/US $10.6 million). This allows Betsson to secure customer payment flows for the continued expansion in Latin America.
In addition to the newly announced partnership agreement in Mexico, Betsson has been active in the LatAm region mainly in Peru, Brazil (acquisition of Suaposta) and Colombia (acquisition of Colbet). Furthermore, Betsson is in the process of obtaining a license for both the Province and City of Buenos Aires.
“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”, comments Pontus Lindwall, CEO of Betsson AB.