Better Collective has strengthened its position in the Swedish market via an acquisition of online sports betting media platform Rekatochklart.com.
Agreed at a paying price of €3.8 million and paid in cash, the transaction has enabled Bettor Collective to consolidate the acquired asset into its group accounts, and was completed as an asset purchase from Win & Fun Media Ltd.
Rekatochklart.com – founded in 2008 and generating €1.2 million revenue and €0.9 in EBITDA in 2020 – will be managed by Better Collective’s Sewdish Division.
“It is a great pleasure to welcome Rekatochklart.com to Better Collective,” said Jesper Søgaard, Co-Founder and CEO of Better Collective.
“With its strong brand and community of tipsters, Rekatochklart.com is a perfect supplement to our business and a strategically important step for us in strengthening our position in Sweden.
“In a year packed with major international sports events like the Euro 2021, the Olympic Games and the Ice Hockey World Championship 2021, Rekatochklart.com will enable us to engage with many more sports fans in the Swedish market.”
Rekatochklart.com is a leading Swedish online community provoking a forum for sports bettors and tipsters to share knowledge and analysis for upcoming sports events.
Jens Carlsson, Founder of Rekatochklart, added: “I am both excited and proud that we have been able to conclude the sale of our platform to Better Collective.
“This is a testament to the strength of our site and vibrant community of tipsters and gambling experts in Sweden.
“We become part of a well-managed and responsible company with a strong tradition for investing in its people and platforms – a company with a solid track record, when it comes to further developing sites and communities like Rekatochklart.com.”
Better Collective’s acquisition represents a further expansion of its Swedish operations and investment activities. In addition to Sweden, the firm has developed a strong market presence throughout the Nordic region, notably increasing its share in Denmark-based software company Mindway AI to 90% in January 2021.
Outside of Scandinavia, Better Collective maintains a foothold in numerous other countries, such as Poland and Ireland, where its market status was enhanced via takeovers of the zagranie.com and irishracing.com platforms, in two separate transactions.