Novomatic to acquire remaining 47% of Ainsworth shares
Novomatic currently has an interest of 52.9 per cent in Ainsworth’s shares on issue.
Australia.- Novomatic has announced that it will acquire Ainsworth Game Technology. It has entered into a scheme implementation deed to acquire the 47.1 per cent of share capital it does not currently own for a cash consideration of AU$1.00 (US$0.64) per share. Novomatic purchased its current 52.9 per cent of Ainsworth’s shares from founder Len Ainsworth in 2016.
The transaction is subject to Ainsworth shareholder approval and customary closing conditions and is expected to be finished in the second half of 2025.
Stefan Krenn, member of the executive board of Novomatic, said: “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.”
Ainsworth’s chairman, Daniel Gladstone, said: “The proposal put forward by Novomatic represents a significant premium to our long-term trading value and is compelling for our minority shareholders.
“Our independent board committee has carefully evaluated the offer against our medium- and long-term growth prospects and alternative opportunities and has unanimously formed the view that the offer represents attractive and certain value for our minority shareholders.”
