NOVOMATIC Signs Agreement To Acquire Ainsworth

NOVOMATIC has announced that it has entered into a Scheme Implementation Deed with Ainsworth Game Technology (Ainsworth) to acquire all of the outstanding shares of Ainsworth for a best and final cash consideration of $1.00 per share via a Scheme of Arrangement.

Ainsworth’s Independent Board Committee has unanimously recommended that Ainsworth shareholders vote in favour of the transaction. NOVOMATIC holds an existing stake of 52.9 per cent in Ainsworth, which it purchased in 2016 from founder Len Ainsworth.

The transaction is subject to, among other things, Ainsworth shareholder approval and customary closing conditions, and is expected to close in the second half of 2025. The NOVOMATIC offer is not conditional on due diligence or regulatory approvals.  Foreign Investment Review Board approval has been received.

Stefan Krenn, Member of the Executive Board of NOVOMATIC AG Group stated: “The acquisition of Ainsworth is consistent with our international growth strategy and the expansion of our presence across the Asia-Pacific and the US region. 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. We look forward to welcoming the highly qualified and experienced Ainsworth employees into the NOVOMATIC family to become part of our international growth and success.”

Ainsworth is listed on the Australian Securities Exchange (ASX), with headquarters in Newington, Sydney and operations worldwide, including North and South America.