June 28 (SeeNews) - Maltese iGaming solutions provider Aspire Global said on Friday that it has agreed to acquire 100% of Isle of Man-registered casino gaming services developer GMS Entertainment Limited, which is active in Bulgaria through its unit Pariplay, for 13.1 million euro ($14.9 million).
"We are very excited about the acquisition of Pariplay which is in line with our M&A strategy focusing on B2B-growth and external game sales," Tsachi Maimon, CEO at Aspire Global, said in a statement.
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Pariplay, which produces online casino games, has a team of around 70 gaming experts, the majority of which are based in the Bulgarian capital Sofia where the company's main technology hub is located.
The transaction is to be finalised in the third quarter of 2019 conditional on approval from authorities.
Pariplay group holds iGaming licenses for the UK, Gibraltar, Curacao, Malta and Romania and their games are certified for most regulated iGaming markets in Europe, generating sales of around $3.2 million.
Aspire Global is listed on NASDAQ First North Premier under ASPIRE.
($ = 0.8786 euro)