By Simon Wright Jun 22, 2022
Massive information this morning within the iGaming house which issues the most recent acquisition, with the powerhouse stay gaming content material supplier Evolution Gaming coming into into an settlement to accumulate the on line casino sport studio Nolimit Metropolis, for a watch watering €340m in money.
Nolimit Metropolis and Evolution Gaming ought to each be well-known to guests to Casinomeister and the agreed deal will see Evolution AB’s wholly owned subsidiary, Evolution Malta Holding Restricted, buying the whole issued share capital of Nolimit Metropolis Holding Ltd (“Nolimit Metropolis”) for an upfront consideration of EUR 200 million. With earn-outs of as much as €140 million the whole consideration and worth of the deal may quantity to as much as €340 million, payable in money.
In a press launch issued this morning by Evolution, their chairman Jens von Bahr said: “With the addition of Nolimit Metropolis to the Evolution household we lengthen our portfolio of actually progressive and leading edge video games from the highest manufacturers and sport makers within the business.”
“We have now adopted Jonas, Emil and their workforce for just a few years and been impressed as they’ve established a totally new type of slot video games. I’m proud that one more of the easiest minds in our business has chosen to hitch the Evolution community.”
Whereas Jonas Tegman the Co-Founding father of Nolimit Metropolis mentioned of the information: “I can’t consider a greater match between two corporations then between Nolimit Metropolis and Evolution, we’re absolutely aligned by way of individuals, product, know-how and get the job accomplished.”
“The slot vertical is below huge change, and we are able to’t wait to tackle the problem of worldwide growth along with Evolution, serving to out with navigating in direction of the most effective slot product providing available in the market.”
The acquisition of Nolimit Metropolis ought to it materialise, will observe Evolution’s acquisition of the Swedish on line casino studio NetEnt, which valued the corporate at a close to €2bn.
Nolimit Metropolis have an energetic presence on the discussion board right here on Casinomeister and proceed to frequently launch new slot video games, which may be discovered on a number of of the accredited on-line casinos which we characteristic. Most just lately their newest title Folsom Jail was launched,