Buena Onda! Betsson acquires $25m Inkabet with aims to strengthen LatAm presence

SW Nordic, a subsidiary of Betsson, has signed an agreement to acquire Inkabet’s online gambling business, including its operations, alongside the related assets used for operating the brand. The acquisition will strengthen its market position in South America while expanding Betsson’s presence in Latin America – a strategically important region for the company.

ggggggg

The initial acquisition amount stands at $25m, with the additional sum of $4m payable via Betsson. This will be dependent on Inkabet’s performance and abilities to reach the agreed revenue EBIT targets. It will be required during the six months following the closing, paired with a deferred payment of $5m – out of which $3m is payable due 31 December 2022, and $2m payable a year later, on 31 December 2023, if no claims have come to light.

As a B2C brands that offers sportsbook and casino products, Inkabet targets the western region of South America. Betsson’s revolving credit facility (RCF) will finance the acquisition, giving financial flexibility when doing similar deals.

Since the brand launch in 2012, its revenue over the last 12 months – as of June 2021 – stood at $25.2m with an operating income (EBIT) of $8.8m and a revenue growth of 146% in comparison to the preceding 12-month period.

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”.

Premium+ Connections
Premium

Sport Generate

 
Premium

1xBet Partners

 
Premium

Digitain

 
 
Premium

Revsharks

 
Premium

PIN-UP Partners

 
Premium

Galaxsys

 
Premium

RISK

 
Premium

Lynon

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...