NOVOMATIC AG Group has entered into a scheme implementation deed with Ainsworth Game Technology to acquire all of the gaming solutions supplier’s outstanding shares, for a final cash consideration of $1 per share via a scheme of arrangement.
Currently, the gaming technology group has a 52.9% existing stake in Ainsworth that was purchased from the supplier’s founder, Len Ainsworth, in 2016.
Approval from Ainsworth’s shareholders is required for the transaction to be completed, alongside customary closing conditions. The offer is not conditional on due diligence or regulatory approvals, and the Foreign Investment Review Board has approved the offer.
Ainsworth’s Independent Board Committee has unanimously recommended that the supplier’s shareholders vote in favour of the transaction, which is expected to close in the second half of 2025.
“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,” commented Stefan Krenn, Member of the Executive Board of NOVOMATIC AG Group.
“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.”
Listed on the Australian Securities Exchange, Ainsworth is headquartered in Newington, Sydney. If the deal is approved, its global operations will join NOVOMATIC’s group of around 300 subsidiaries covering more than 130 countries with over 26,200 employees.
Earlier this month, NOVOMATIC was awarded a gaming related vendor licence by the General Commercial Gaming Regulatory Authority to expand its services into the United Arab Emirates.
Commenting at the time, Krenn stated: “Receiving this licence as one of the first gaming technology groups worldwide is a significant milestone for Novomatic.
“This honour reflects our unwavering commitment to offer the most innovative products, fulfilling the highest standards of responsible gaming. As we enter this exciting opportunity in the United Arab Emirates market, we successfully continue our international expansion strategy.”