Novomatic have purchased smaller slot manufacturer Ainsworth Game Technology, both companies made a statement confirming the purchase this week with founder and majority shareholder Len Ainsworth selling his 53% stake.
The 92 year-old Ainsworth will remain with the company in his current role as Chairman along with taking the $473 million his shares were worth, Len Ainsworth also said he will be donating a large portion of his new wealth to charity.
Harald Neumann, Novomatic CEO, said: “Through the planned share acquisition from Len Ainsworth, one of the top players in Australasia and in the USA, we will not only increase our market share in those continents, but will be consistently continuing our international growth strategy. The synergy transfer of know-how, contents, high-tech gaming equipment will allow us to further increase our potential in the worldwide gaming market.”
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Source: iGaming Post