European gaming tech giant NOVOMATIC AG Group is continuing its expansion across the U.S. with the acquisition of the remaining shares of an electronic machine maker.
On Monday, NOVOMATIC announced that it has agreed to a scheme implementation deed to acquire the outstanding shares of Ainsworth Gaming Technology. NOVOMATIC has landed a deal to acquire the remaining 47.1% stake in Ainsworth after acquiring a 52.9% stake in the gaming machine supplier and maker in 2016 from founder Len Ainsworth.
The transaction has an enterprise value of approximately $336 million.
“The acquisition of Ainsworth is consistent with our international growth strategy and the expansion of our presence across the Asia-Pacific and the U.S. region,” said NOVOMATIC executive board member Stefan Krenn. “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.”
NOVOMATIC gaining full control of Ainsworth provides the Austria-based company with access to North American markets where the gaming machine maker and supplier provides its products. Ainsworth, which has a North American headquarters in Las Vegas, delivers slot machine and historical horse racing systems to casinos across the U.S.
It also provides charitable gaming products to retail gaming facilities in Ontario.
NOVOMATIC’s deal to acquire full ownership of Ainsworth is subject to regulatory approvals but has garnered support from Ainsworth’s independent board committee.
The committee has asked Ainsworth shareholders to approve the all-cash transaction, which will see shareholders receive a final cash consideration of $0.64 per share.
The share price is a 35% increase from Ainsworth’s closing price.
If approved, the transaction is expected to close by Q3. It is being advised by investment bank J.P. Morgan, Macquarie Capital and law firm King & Wood Mallesons.
As of April 2025, NOVOTMATIC provides gaming products and solutions to operators in more than 130 countries. It has a global reach behind a portfolio of roughly 300 subsidiaries. In 2024, the NOVOMATIC generated more than $3 billion in total revenue.
