NOVOMATIC to Expand US and Asia-Pacific Reach With Ainsworth Acquisition

NOVOMATIC AG Group, Europe’s largest gaming technology group, has announced it will fully acquire Ainsworth Game Technology. 

The two have entered into a Scheme Implementation Deed, which will allow NOVOMATIC to acquire all of Ainsworth’s outstanding shares for a final cash consideration of $1 per share via a Scheme of Arrangement.

The Scheme of Arrangement will allow the gaming tech giant to become the sole owner of Ainsworth. NOVOMATIC already held a 52.9% stake, which it bought from Len Ainsworth, the firm’s founder, in 2016. 

Details of the Scheme of Arrangement

Ainsworth’s Independent Board Committee has unanimously advised the shareholders to vote in favor of the transaction. In addition to requiring shareholder approval, the transaction is also subject to customary closing conditions. It is scheduled to close in H2 2025. However, it is not conditional on due diligence or regulatory approvals.

NOVOMATIC AG Group’s Member of the Executive Board, Stefan Krenn, commented: “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,” he added.

How Ainsworth Acquisition Enhances NOVOMATIC

NOVOMATIC is among the biggest gaming technology groups in the world. It is a full-service provider in all segments of the gaming industry. The company has around 300 international subsidiaries, is active in more than 130 countries worldwide, and has 26,200 employees. It boasts a broad portfolio of clients, including DAZN Bet, which penned a double partnership with NOVOMATIC studios, Greentube, and Capecod last year.

Ainsworth is one of the leading manufacturers and suppliers of superior gaming solutions in the Americas and Australasia. It is listed on the Australian Securities Exchange (ASX) and is based in Newington, Sydney. However, the company operates worldwide, including in North and South America.

The company’s Chairman, Daniel Gladstone, outlined that the proposal represents a significant premium to long-term trading value and is compelling for minority shareholders. Ainsworth said this places a total enterprise value of $336.5 million on the business.

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 NOVOMATIC AG Group, Europe’s largest gaming technology group, has announced it will fully acquire Ainsworth Game Technology.  The two have entered into a Scheme Implementation Deed, which will allow NOVOMATIC to acquire all of Ainsworth’s outstanding shares for a final cash consideration of $1 per share via a Scheme of Arrangement. The Scheme of Arrangement
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