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Greentube strengthens Italian presence with Capecod Solutions acquisition

| By Robert Fletcher
Greentube, the interactive division of Novomatic, has completed the acquisition of Italian developer Capecod Solutions for an undisclosed amount.

Capecod has been part of the Novomatic Italia business since 2017 and its products will now be integrated within Greentube’s offering.

Greentube said the acquisition would strengthen its presence in Italy. Capecod’s game development capabilities will be made available to Novomatic Italia’s land-based clients in the amusement with prize (AWP) segment and become part of the NovoElsy AWP games portfolio.

The deal will also mean Novomatic Italia’s conversions of AWP titles will now be supplied to Capecod, with the overall aim of providing a continuous output of new games for both the online and AWP sectors.

“This acquisition ticks all the boxes, strengthening our hand in Italy across both online and land-based sectors,” Greentube chief financial officer Michael Bauer said. 

“We have seen over the last few years how successful Capecod has been in developing games that resonate with players in Italy and in bringing the expertise of such a well-regarded company under the Greentube umbrella, we envisage all parties going from strength to strength in offering products to the widest audience. 

Novomatic Italia chief executive Markus Buechele added: “It is an honour to be able to bring all of the know-how and experience gained in recent years through working with the renowned software house Capecod to the whole Novomatic AG Group. 

“The acquisition is proof of the good work that has been achieved and the importance of investing continuously in technology and human resources. Moreover, it also enables us to give our Group an even stronger international focus, presenting ourselves to our customers synergistically while relying on the best products available on the market.”

The acquisition comes after Greentube last month launched its catalogue of games in the Netherlands in partnership with Holland Casino, while the developer also entered into the US market via a partnership with Golden Nugget Online Gaming in New Jersey.

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