Land-based gaming equipment supplier R Franco has made a “substantial investment” in online platform provider Mediatech Solutions.
The agreement sees two of Spain’s leading online and land-based suppliers joining forces.
R Franco, which will integrate Mediatech’s IRIS platform and its 1,500 games, will now take a majority stake in the combined entity, with Mediatech’s management remaining in place at its headquarters in Madrid.
The move comes 18 months after R Franco set up its digital division and will provide additional investment for Mediatech to boost its international operations, which now includes offices in Belgrade, Serbia, and Kuala Lumpur, Malaysia. It will also enable Media tech to expand its Candy line of connected land-based gaming products.
“The acquisition of Mediatech Solutions provides us with a market-leading online platform and the opportunity to further expand the group’s digital footprint,” said R Franco CEO Pedro Melendo. “The Spanish market will be transforming due to regulatory changes in the next few years and Franco’s ambition is to remain market leaders.”
Jessica Ordovas, founder and CEO of Mediatech, described R Franco as “one of the most respected suppliers in the world.” “Our omni-channel expertise is unparalleled and this agreement will allow us to continue our track record of success in Spain and beyond,” she said.
