Playtech acquired CFH Group

2 Dec 2016

Playtech FinlandPlaytech seems to grow more and more lately. The company’s Board of directors announced on November that they were about to approach CFH Group, having in mind to offer a great number of $120 million (£95 million) for the financial trading systems developer, typically the most important sector of the acquired company. Leading industry platform and technology provider Playtech Plc completed the acquisition just a few days ago and they now have a 70% of CFH’s stakes in their possesion.

But it is not only about that, since the full acquisition will be completed in 2019, when Playtech will be about to buy the 100% of CFH’s stakes. As it seems, Playtech will expand its presence within the financial technology sector, something that has been a long term target for the well known technology provider. CFH’s products will incorporate within Playtech’s portfolio and the main target remains for the B2B and B2C customer services to be upgraded.

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