S
W Nordic Limited, a subsidiary of Betsson AB has completed the acquisition of Inkabet’s B2C online gambling business, a sportsbook and casino business targeting the western region of South America.
As of October 1, SW Nordic will get the business activities, operations, and all related assets used for operating the brand Inkabet. The initial consideration of the acquisition is $25 million. Betsson will also pay up to $4 million depending on the performance of Inkabet in reaching the agreed revenue and EBIT targets during the 6 months following the closing. The company will also pay a deferred $5 million —$3 million on December 31st, 2022; and $2 million on December 31st, 2023.
Betsson’s ambition is to create shareholder value by outgrowing the online gambling market. The acquisition strengthens and expands Betsson’s presence in Latin America, a strategically important region for the company. Betsson expects the acquisition to increase scale in the business and to unleash synergies, being both revenue and earnings accretive from the fourth quarter of 2021 onwards.
“Through this transaction, Betsson continues to build market share in the LatAm region, following the previous acquisitions of JDP Tech Ltd, Suaposta and Colbet,” Betsson CEO Pontus Lindwall said in August. “This strengthens our position in a strategically important region where we have performed well and have big ambitions for the future.”