stry provider Scientific Games has announced a definitive agreement to acquire gaming technology supplier DEQ Systems.

The deal, expected to close in Q4 2016 or Q1 2017, will see Scientific Games acquire the entirety of DEQ’s issued and outstanding common shares for a cash payment of Can$0.38 per share.

This is subject to the approval of DEQ’s shareholders, the receipt of gaming approvals in certain jurisdictions, and other customary closing conditions.

A special meeting of DEQ shareholders will be held in late October or early November, with the share acquisition by Scientific Games requiring the approval of 2/3 of votes cast in order to go ahead.

Scientific Games Senior Vice President of Table and Utility Products, Roger Snow, said: “The DEQ team has grown a fantastic business focused on providing revenue-generating and entertaining solutions for casino operators around the world.

“Their established and high-performing library of table games, table progressives, and random bonusing systems will enhance our offerings, add to our recurring revenue base, and provide even more ways for casinos to engage players through Scientific Games’ extensive end-to-end casino portfolio of gaming machines, casino systems, table products, and interactive solutions.”

Joseph Bertolone, President and CEO of DEQ Systems, said: “We believe this is a very good transaction for our company.

“We look forward to working closely with the Scientific Games team to ensure a smooth transition and continued innovation for gaming operators and their players around the world.”