Sportech is to acquire Data Tote, a provider of on-track and online greyhound and horse race betting services in Europe.
The acquisition, for an initial consideration of £3.1m, means that Sportech will now provide tote services to 41 of the 43 greyhound tracks in the UK and Ireland.
Under the terms of the acquisition, the current management team of Data Tote will continue to build on its core business and growing business opportunities while further developing Sportech's European tote racing business.
Edwin Osborne, CEO and owner of Data Tote, will continue in his role and now report to Andrew Gaughan, managing director of Sportech Racing.
Ian Penrose, chief executive of Sportech, said he was delighted with the deal: “This complementary business will strengthen and augment our global operations and widen our distribution in Europe."
