NOVOMATIC, Europe’s largest gaming technology group, announced a purchase 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 process for NOVOMATIC to acquire approximately 53% of shares in AGT, subject to approvals under corporate law and from the respective authorities. This is not only another important milestone for NOVOMATIC, but it also strengthens the company’s market position in Australasia and the USA.
“Through the planned share acquisition of AGT, one of the leading gaming companies in Australasia and the USA, we will 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 that will help expand our presence in the worldwide gaming market,” said NOVOMATIC CEO Harald Neumann.
Ainsworth Game Technology Ltd is listed on the Australian stock exchange, with headquarters in Newington, Sydney and operations worldwide, including North and South America. The company was founded in 1995 by Len Ainsworth, a renowned expert in the gaming industry for over half a century. AGT is one of the leading manufacturers and suppliers of superior gaming solutions in Australasia as well as in the Americas.