NOVOMATIC welcomes Ainsworth Game Technology shareholder approval of proposed share transaction
NOVOMATIC, Europe’s largest gaming technology group, today announced a purchase agreement with Len Ainsworth, the founder and majority shareholder of Ainsworth Game Technology (AGT), to acquire his complete shareholding of AGT.
This agreement initiates the process for NOVOMATIC to acquire approximately 53% of shares in AGT, subject to approvals under corporate law and from the respective authorities. This is not only another important milestone for NOVOMATIC, but it also strengthens the company’s market position in Australasia and the USA.
“Through the planned share acquisition of AGT, one of the leading gaming companies in Australasia and the USA, we will increase our market share in those regions and continue to follow our international growth strategy. The transfer of know-how, contents and high-tech gaming equipment will create a natural synergy that will help expand our presence in the worldwide gaming market,” said NOVOMATIC CEO Harald Neumann.
Ainsworth Game Technology Ltd is listed on the Australian stock exchange, with headquarters in Newington, Sydney and operations worldwide, including North and South America. The company was founded in 1995 by Len Ainsworth, a renowned expert in the gaming industry for over half a century. AGT is one of the leading manufacturers and suppliers of superior gaming solutions in Australasia as well as in the Americas.
The NOVOMATIC Group is one of the biggest international producers and operators of gaming technologies and employs more than 24,000 staff worldwide. Founded by entrepreneur Professor Johann F. Graf in 1980, the Group has locations in more than 50 countries and exports high-tech electronic gaming equipment and solutions to 80 countries. The Group operates more than 235,000 gaming terminals in its some 1,600 plus gaming operations as well as via rental concepts.
Through its numerous international subsidiaries the NOVOMATIC Group is fully active in all segments of the gaming industry and thus offers a diversified omni-channel product portfolio to its partners and clients around the world. This product range includes land based gaming products and services, management systems and cash management, online/mobile and social gaming solutions as well as lottery and sports betting solutions together with a range of sophisticated ancillary products and services.