NOVOMATIC, Europe’s largest gaming technology group, announced a purchase order 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 method for NOVOMATIC to procure approximately 53% of shares in AGT, subject to approvals under corporate law and from the respective authorities. This isn't only another important milestone for NOVOMATIC, but it surely also strengthens the company’s market position in Australasia and the USA.

“Through the planned share acquisition of AGT, one of the most leading gaming companies in Australasia and the USA, we will be able to 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 a good way to help expand our presence within the worldwide gaming market,” said NOVOMATIC CEO Harald Neumann.

Ainsworth Game Technology Ltd is listed at the Australian stock exchange, with headquarters in Newington, Sydney and operations worldwide, including North and South America. The corporate was founded in 1995 by Len Ainsworth, a renowned expert within the gaming industry for over half a century. AGT is likely one of the leading manufacturers and suppliers of superior gaming solutions in Australasia in addition to within the Americas.

Read More... [Source: Slots]