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Land and online gaming firm Gauselmann Group has announced that they've purchased a majority stake in online gaming platform firm Bede Gaming.
The purchase will enhance Gauselmann's online presence, and the move will put the company in a position to take advantage of online gambling regulation in their native Germany. Bede will continue to operate independently, with the company's offices in the UK, Canada, and Bulgaria remaining open. No details on the cash consideration paid for the company were available as of press time.
Commenting on the purchase Gauselmann CEO Paul Gauselmann said, "Bede's technological expertise is very impressive and its highly complex solutions are first choice for leading gaming companies not only in the UK, but around the world.
"This acquisition will allow us to significantly broaden the existing technology base within the group and at the same time enable us to offer it to our customers and partners."
Bede chairman Joe Saumarez-Smith added: "Gauselmann's long-term prospects and financial strength will allow us to further enhance our range of products and services to existing customers as well as win new business partners."