Greentube, the Novomatic Digital Gaming and Entertainment division, has made another significant move in the M&A space with the acquisition of international software development specialist Ineor.

The latest completed deal, which has seen Greentube buying 80 per cent of the shares in Slovenia-based Ineor, has the strategic objective of acquiring and integrating critical software development capabilities and resources for the benefit of the entire Greentube group worldwide.

The acquisition also secures specialised know-how from within Ineor, a long-term technology partner of Greentube’s, in the areas of online gaming and sports betting.

With its base in Ljubljana, Ineor is active in the field of computer programming, specialising in the development of gaming software.

The company currently supplies advanced software development services and breakthrough key innovative digital solutions for a wide range of multinational organisations.

Michael Bauer, CFO/CGO at Greentube, said: “This acquisition is a fantastic one as we continue to bolster our technology platform in what will be a very big year for us strategically. Ineor has been a highly valued partner for a number of years and it’s great to be able to harness its resources in-house.”

Dejan Spasovski, founder of Ineor, said: “For over a decade, Ineor regularly delivered Greentube’s and Novomatic’s key strategic solutions, together building our amazing, role model partnership – and now achieving this important milestone for us all.”

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