Gernandt & Danielsson has advised Betsson AB (publ) (“Betsson”) in connection with its acquisition through a subsidiary of 80 percent of the shares in Kicker Tech Malta Limited (“KickerTech") from TG Holdings Limited. KickerTech owns a business-to-business (B2B) sportsbook operation.

KickerTech’s business consists of building advanced odds models, trading technology and sportsbook features and is operated from Vilnius, Lithuania.

The total consideration for 80 percent of the shares amounts to EUR 14 million on a cash and debt free basis paid in three instalments.

Gernandt & Danielsson has advised Betsson with a team consisting of partners Fredrik Palm and Oscar Anderson and associate Viktor Borg as well as partner Foad Hosenian (competition law) and senior associate Magdalena Jerner (IP).