Online gambling technology supplier Gaming Innovation Group (GiG) is looking to make inroads into the German market via the acquisition of sports betting operator Nordbet.

On Monday, the Malta-based GiG announced that it had agreed to pay €500k to acquire Nordbet, which holds an online sports betting license issued in the northern German state of Schleswig-Holstein.

While Nordbet received its German license in 2013, the company is currently dormant and holds no other assets, so GiG’s sole interest in the company is the acquisition of the license, which is valid until February 2019.

In addition to allowing GiG clients the opportunity to offer sports betting to German punters, GiG believes the S-H license will allow it to integrate with some of the larger German payment processors, which should make GiG’s product offering even more accessible.