Betsson expands LatAm operations with JDP Tech acquisition

Betsson has acquired a 50% stake in JDP Tech. It is a software development company with a proprietary payment technology platform in Latin America.

The acquisition contract is worth €8.8m (£7.6m/$10.6m). But it was possible through the operator’s Betsson Perch Investments subsidiary, with Betsson to settle in shares.

However, Betsson stated that the purchase would secure customer payment flows for its ongoing Latin American expansion efforts.

The deal follows Betsson’s latest acquisition in Latin America, having purchased a 75% stake in Brazil-facing Suaposta. And also 70% of Colombian operator Colbet in the third quarter of last year, granting it market access in the country.