Swedish online operator Spiffbet has acquired Manisol Gaming, which operates Scandibet and TurboVegas. The acquisition is expected to increase Spiffbet’s casino sales by more than 50%.
The purchase price corresponds to SEK30m on a debt-free basis. In addition, there is a possible additional purchase price corresponding to SEK 6m.
In parallel with the acquisition, a directed new issue of SEK41m is carried out before issue costs, which is secured through subscription commitments. Spiffbet continues to consolidate the industry through acquisitions and structural transactions.
The acquired business is expected to be relatively easy to integrate into Spiffbet’s casino business, as Manisol already works with the same technology platforms as Spiffbet.