Key points:
- Novomatic has signed an agreement to acquire all outstanding Ainsworth shares
- Novomatic already owns 52.9% of all Ainsworth shares, after purchasing them from Founder Len Ainsworth in 2016 –a deal that was approved the following year
Novomatic has signed an agreement to acquire Ainsworth via a Scheme of Arrangement. Currently, Novomatic owns 52.9% of all Ainsworth shares, with the deal set to see Novomatic acquire all other outstanding shares.
The agreement is subject to shareholder approval from Ainsworth and customary closing conditions and is expected to be closed by the end of Q2.
On the acquisition, Novomatic Member of the Executive Board Stefan Krenn said: “The acquisition of Ainsworth is consistent with our international growth strategy and the expansion of our presence across the Asia-Pacific and the US region. As a long-term shareholder we are familiar with the business and believe that integrating Ainsworth into our operations is in the best interest of this strategy. We look forward to welcoming the highly qualified and experienced Ainsworth employees into the Novomatic family to become part of our international growth and success.”
Good to know: Novomatic is acquiring the stocks at a value of $1.00 per share
Novomatic’s original acquisition was approved at the end of 2017, with former Novomatic CEO Harald Neumann taking the role of CEO in 2021. Gambling Insider spoke with Neumann in a recent edition of The Huddle.
In other recent company news, the Dutch gaming regulator, Kansspelautoriteit (KSA), has extended Novomatic’s gaming vendor licence for an additional 10 years. Novomatic will thus be able to continue providing gaming machines to casino locations in the country.
Novomatic also recently secured a licence in the UAE.
