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Updating the market, leading industry platform and technology provider Playtech Plc has confirmed that it has completed its acquisition of Consolidated Financial Holdings A/S (CFH Group).
Playtech governance had first announced its approach for CFH Group this November, with the company prepared to pay $120 million (£95 million) for the financial trading systems developer.
Confirming its deal through a regulatory filing with the London Stock Exchange (LSE), Playtech will secure a 70% stake in the enterprise. Playtech further detailed that it expects to fully complete the remainder of its CFH Group acquisition by 2019.
The deal sees the FTSE-listed industry technology and platform developer continue to expand its presence within the financial technology sector, a long-term project of Playtech governance.
CFH Group technology products include ‘CFH Clearing’ and ‘CFH Systems’, which will be integrated within Playtech’s existing financial trading portfolio as the company seeks to both its B2B and B2C customer services.
