Novomatic to push Ainsworth deal after shareholder approval

Novomatic has announced that it will proceed with its proposed acquisition of a 53% stake in Ainsworth Game Technology (AGT) after securing approval from minority shareholders in the firm.

In a statement confirming the vote, Novomatic said the deal will accelerate AGT’s development, as well as help “support the creation of a stronger company with deeper product breadth enabling it to better compete against international gaming conglomerates”.

Harald Neumann, chief executive of Novomatic, also said that AGT will benefit from collaboration across various markets that will be “substantially positive” for long-term shareholder wealth creation.

“We value the trust and support by the minority shareholders through the positive vote of approving the share transaction and will make every effort to meet their expectations,” Neumann said.

“We will commence implementing the binding commitments as outlined in the Notice of Meeting to crystallise the expected benefits of the relationship.”

Danny Gladstone, chief executive of AGT, added: “We are delighted to have received shareholder support and look forward to working with Novomatic on the completion of this transaction and delivering on the expected benefits for our shareholders.”

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