Kambi Group has purchased front-end technology specialist Shape Games for an initial €38.5m ($38.4m), a figure which could rise to €78.1m if performance-related bonuses are met.
The acquisition of the Danish tech company signifies Kambi’s push to improve its mobile capabilities, where it sees most of its sportsbook revenue.
Kambi’s purchase of Shape Games comes following a pre-established partnership between the two.
After announcing the deal, Kristian Nylen, Kambi CEO and Co-founder said: “I’ve always been clear on our intention to acquire technology and talent that will complement and enhance our sportsbook proposition, and I have no doubt Shape Games will do just that.