Betsson acquires JDP Tech in LatAm expansion

Betsson acquires JDP Tech in LatAm expansion

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Posted by: AffPapa
Betsson Group

Betsson has revealed that is has bought a 50% stake in the software development company JDP Tech, which currently owns a technology platform which handles payments across Latin America.

The deal, which was agreed upon via the Betsson Perch Investments subsidiary, is valued at $10.6 million, which Betsson will settle in shares. The operator also said that this purchase will be guaranteeing customer payment flows as it works on its expansion into the Latin American region.

Furthermore, this partnership is the operator’s most recent takeover in LatAm, as it already bought a 75% stake in Suaposta towards the end of 2019, along with a 70% stake in Colbet, the Colombian operator, during Q3 of 2020, which allowed for its expansion into Colombia. 

Pontus Lindwall, chief executive at Betsson, said:

“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.”