Inspired Entertainment Inc has officially announced the acquisition of the Gaming Technology Group (“NTG”) of Novomatic UK, a division of the Austrian NOVOMATIC GROUP.
The entire deal has been finalized for $120 million. The company aims at increasing its UK market share with the acquisition deal and has said that it would be supplying a range of its gaming and gambling products and services in the country. Once the deal is closed, Inspired would be managing approximately an estimated 75,000 gaming machines in the UK and Europe.
“The potential acquisition of NTG is transformational for Inspired, enabling us to dramatically increase the size, scale and scope of our business by combining our highly complementary, but largely non-overlapping, businesses,” said Lorne Weil, Executive Chairman of Inspired.
“We expect to leverage our superior game content, technology, operational capabilities, and respective footprints to augment the existing growth trends for our enterprise.”
The company has also said that it expects to be able to make efficient use of shared manufacturing, engineering, software development, field maintenance, and customer service to drive growth and cost savings after the transaction closes.
It is further planning to reduce capital deployed in the pub gaming sector following the closing of the transaction, as the sector continues its ongoing digital transformation.