Gumpoldskirchen, 27 June 2016 – Following the approval by minority shareholders at the shareholders meeting held earlier today, NOVOMATIC will proceed with the proposed acquisition of a 53% stake in Ainsworth Game Technology (AGT). This relationship is expected to accelerate AGT’s development and support the creation of a stronger company with deeper product breadth enabling it to better compete against international gaming conglomerates.
NOVOMATIC’s Chief Executive Officer Harald Neumann said that through NOVOMATIC’s majority shareholding, AGT will benefit from collaboration across a range of markets that will be substantially positive for long term shareholder wealth creation.
Mr. Neumann emphasised: “We value the trust and support by the minority shareholders through the positive vote of approving the share transaction and will make every effort to meet their expectations. We will commence implementing the binding commitments as outlined in the Notice of Meeting to crystallise the expected benefits of the relationship.”
He further stated that completion of the share sale is subject to a range of regulatory and gaming licence approvals.
AGT Chief Executive Officer Danny Gladstone said: “We are delighted to have received shareholder support and look forward to working with NOVOMATIC on the completion of this transaction and delivering on the expected benefits for our shareholders.”
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.