Kambi Team has acquired world esports professional Abios for an original consideration of SEK150m ($17.2m) in money, with up to SEK120m to be paid in earnouts.
These earnouts will be connected to products advancement and the foreseeable future earnings efficiency of Abios. The deal “transforms Kambi into a leading supplier of esports products and solutions and expert services as it seeks to capitalise on the emerging options within just this fast expanding vertical,” a assertion from the sports betting business read through.
“The esports classification has lengthy been less than mindful thought by Kambi and we now really feel it is the opportune instant to take the upcoming move and build out our capacity in what is a vertical of terrific global probable,” mentioned Kambi CEO and Co-founder Kristian Nylén (pictured).
“In Abios, we get the esports DNA we keenly sought, and which enhances the heritage and encounter we already have in athletics betting.”
The acquisition was spearheaded by Abios CEO Oskar Fröberg and CTO Anton Janér, both of those of whom will continue being in their roles following the offer.
“Oskar and Anton have developed a amazing group that knows what it can take to be successful in esports and I’m psyched to not only see the Abios company mature, but also what the integration of Abios to Kambi’s modular platform will convey to esports betting in the long term,” additional Nylén.
Established in Stockholm in 2013, Abios is an esports knowledge and odds supplier, presently doing the job with operators these as Kindred Team and LeoVegas Group, as properly as engineering company Microsoft.
Fröberg commented: “Having designed a solid romantic relationship above quite a few a long time, we think Kambi to be the optimal companion for Abios. Not only do they believe in in our persons and capabilities, but we share the identical values and prolonged-term eyesight.
“The possibility in esports is persuasive as at any time and we appear ahead to exchanging knowledge with Kambi and adding their expertise and muscle mass power to our entrepreneurial mother nature.”