Inspired Entertainment has been given clearance by the Competition and Markets Authority in the UK to proceed with its acquisition of the Gaming Technology Group (NTG) of Novomatic UK Ltd. The company previously announced a definitive agreement to acquire NTG on June 11, 2019.
The CMA’s approval was a requirement to complete the acquisition. Following this approval, the company expects to complete the acquisition on or about October 1, 2019, subject to the satisfaction of remaining customary closing conditions.
“We are pleased to have received approval from the CMA and are grateful for their diligence and efficiency in reviewing the transaction,” said Lorne Weil, Executive Chairman of Inspired. “The anticipated successful completion of this acquisition is expected to be an exciting step forward in the evolution of Inspired into a global gaming company with a comprehensive portfolio of products and services and world-class functional expertise in the gaming industry.”
US-based Inspired is already an established supplier of Category B2/B3 gaming terminals in the UK, while NTG is a provider of Category B3, C and D gaming terminals to pubs, arcades, motorway service areas and holiday resorts in the UK.
Following the transaction, Inspired claims it will be positioned to supply an extensive range of products and services across the UK and Europe, and beyond. In total, the firm would manage more than 75,000 gaming machines in the UK and Europe.
NTG is comprised of machine operating firm Gamestec Leisure; holiday park and motorway service station machine supply company Playnation; gaming machine manufacturers Astra Games and Bell-Fruit Group; and machine developers Harlequin Gaming and Innov8 Gaming.
The casino assets of Astra Games Limited are not included in the transaction.