Betsson has made its increased focus on B2B operations clear, announcing the €14m acquisition of sportsbook supplier Kickertech alongside record Q3 results, while CFO Martin Öhman said further B2B M&A could be in the works.

Betsson will pay €14m to acquire 80% of the shares of KickerTech, paying €6m in cash up front, €4m in cash in six months and a further €4m in either cash or shares in 12 months.

KicketTech brought in €2.6m in revenue over the 12 months to 30 September, while its earnings before interest and tax were €1.3m.

“We continue to grow our sportsbook business around the world and this deal will both strengthen our position as one of the leading B2C sportsbook operators in the market and complement our highly competitive B2B sportsbook proposition,” Betsson chief executive Pontus Lindwall said.