Swedish gaming company Cherry has exercised its option to acquire the remaining 51 per cent of the shares in ComeOn Malta.
Coupled with strong organic growth, the acquisition will see Cherry triple its revenues and become the third largest Nordics-focused private-sector gaming operation, the company predicts.
“We are very pleased to be able to now conclude the acquisition of ComeOn, which means that we considerably strengthen our position in the market,” said Fredrik Burvall, president and CEO of Cherry.
“Together we will create an entrepreneurially-driven gaming company where both Cherry and ComeOn have significantly stronger organic growth than the market, and the acquisition improves the group’s results considerably.
“This deal also means that Cherry iGaming will increase its revenues from sports betting. Cherry already has a unique income stream diversification from five different business areas along the gaming value chain,” said Burvall.
Cherry expects that the acquisition of the remaining 51 per cent of the shares in ComeOn Malta will be concluded in the first quarter of 2017.
