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Novomatic Signs Agreement to Acquire Ainsworth

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3 months ago

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NOVOMATIC AG Group (NOVOMATIC) has signed an agreement to acquire Ainsworth Game Technology (Ainsworth) via a Scheme of Arrangement. NOVOMATIC holds an existing stake of 52.9% in Ainsworth, which it purchased in 2016 from founder Len Ainsworth.

The transaction is subject to, among other things, Ainsworth shareholder approval and customary closing conditions, and is expected to close in the second half of 2025. The NOVOMATIC offer is not conditional on due diligence or regulatory approvals. Foreign Investment Review Board approval has been received.

Stefan Krenn, Member of the Executive Board of NOVOMATIC AG Group, said: “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. 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.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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