In a move that has sent shockwaves through the iGaming industry, French gaming giant FDJ has completed its acquisition of Kindred Group in a deal worth a staggering €2.45 billion. The acquisition marks one of the biggest M&A deals in the history of the iGaming sector and is set to have a significant impact on the global online gambling market.
The deal, which was first announced back in May, has been in the works for months, with both FDJ and Kindred Group working tirelessly to finalize the agreement. FDJ, also known as La Française des Jeux, is one of the largest gaming companies in Europe and has been looking to expand its presence in the online gambling sector. Kindred Group, on the other hand, is a major player in the iGaming industry, operating brands such as Unibet, 32Red, and Maria Casino.
With the acquisition now complete, FDJ is set to significantly increase its market share in the online gambling space. The French company now has access to Kindred Group’s vast customer base and portfolio of popular online casino and sports betting brands, giving it a competitive edge in the highly competitive iGaming market.
FDJ CEO Stéphane Pallez expressed his excitement about the acquisition, stating that it will “enable us to further diversify and strengthen our revenue streams, and will position us as a global leader in the online gambling industry.” Pallez also highlighted the synergies between FDJ and Kindred Group, stating that the two companies share a commitment to responsible gaming and customer satisfaction.
The acquisition of Kindred Group by FDJ is also expected to have significant implications for the iGaming industry as a whole. The deal serves as a testament to the growing consolidation trend in the sector, with major gaming companies looking to expand their reach and strengthen their market position through strategic acquisitions.
Industry experts have hailed the acquisition as a game-changer for both FDJ and Kindred Group, with many predicting that it will pave the way for further consolidation in the iGaming sector. The deal is also expected to have a ripple effect on the competitive landscape of the online gambling market, with other major players likely to reassess their own strategies in light of the acquisition.
Overall, the completion of the €2.45 billion acquisition of Kindred Group by FDJ represents a major milestone in the evolution of the iGaming industry. With FDJ now positioned as a global leader in the online gambling space, the deal is set to reshape the competitive landscape of the sector and pave the way for further consolidation in the future.