Austria-based gaming technology group NOVOMATIC announced today that it has signed a purchase agreement with businessman Len Ainsworth for his shares in Ainsworth Game Technology. Mr. Ainsworth is known to be the founder of the Australian manufacturer and supplier of solutions for the gambling industry and its majority stakeholder.
If the transaction is completed, NOVOMATIC will acquire a 53% share in Ainsworth Game Technology. The deal first needs to be reviewed whether it complies with corporate law and needs to be approved by the respective authorities. Being among the leading manufacturers and suppliers of gaming solutions in Australasia, North and South America, the acquisition of a majority stake in Ainsworth Game Technology will not only represent an important milestone in NOVOMATIC’s corporate history but will also allow the company to strengthen its positions in the afore-mentioned regions.
Mag. Harald Neumann, CEO of NOVOMATIC, commented on the latest announcement, saying that the planned acquisition of Ainsworth Game Technology shares will be a continuation of his company’s international growth strategy, with the targeted Australian gaming manufacturer being among the leaders in the production and distribution of related solutions in Australasia and the Americas. Thus, NOVOMATIC will be able to expand its presence and increase its market share in the said regions.
Mr. Neumann further noted the planned synergy of know-how, gaming content and equipment will also allow his company to grow its potential in the international gambling market.
Founded in 1980, the NOVOMATIC Group has gradually grown into one of the world’s biggest manufacturers of gaming technologies and related solutions. The company has offices in 50 countries and exports its product offering in 80 countries. It also operates more than 230,000 gaming terminals around the world.
As for Ainsworth Game Technology, it is headquartered in Newington, Sydney and operates worldwide, with its core operations being in Australasia and the Americas. A well-known expert in the international gambling industry with an experience of more than half a century, Mr. Ainsworth founded the company back in 1995. Gradually, Ainsworth Game Technology has turned into one of the leading producers and suppliers of gaming solutions in Australia, the Asia-Pacific region, as well as in North and South America.
