rance Pari has acquired 100% of the shares in Spanish operator Suertia.
The company is already active in the French, Belgian and Maltese sports betting markets.
“The acquisition of a company like Suertia with such a potential growth on the dynamic Spanish sports betting market opens a new stream of development for our group, both for acting directly as an operator and also for providing our sportsbook and our technology to other operators,” the company said in a statement.
“Taking into account the new revenue stream coming from this operation, we target to generate more than €100 million ($109.6 million) in B2C and B2B revenues next year.”
Eduardo Losilla, former owner and chief executive of Suertia, added: “After five years of strong competition with multinational operators, I am proud to sell Suertia to an international fast-growing company, that will maintain the team, the spirit and values that have conducted Suertia to its first successes.”