The affiliate group has agreed the acquisition of the Swedish platform for €3.8m.
Sweden.- The affiliate group Better Collective has acquired the Swedish online sports betting media platform Rekatochklart.com for €3.8m.
Rekatochlart.com is an online community in which sports bettors can share betting tips and analysis of sporting events.
Founded in 2008, it generated revenue of €1.2m in 2020 and posted earnings before interest, tax and amortisation of €900,000.
The platform, acquired from Win&Fun Media, will be consolidated into Better Collective’s group accounts and managed by its Swedish division. Former owners Jens Carlsson and Ulrik Sandebäck will continue in consultancy positions.
Carlsson said: “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 co-founder and chief executive Jesper Søgaard said: “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.”
Better Collective continues to build its portfolio through acquisitions after acquiring Atemi Group for £40m last year