Australian slot manufacturer Ainsworth Game Technology announce that it has finalized the acquisition of privately held South Carolina-based Class II supplier Nova gaming LLC. The transaction price of million, accomplished using existing credit facilities.
Nova provides Ainsworth with an immediate presence in the U.S. Class II markets and an opportunity for growth within the Americas with an expanded library of products to an increasingly large addressable market.
With this acquisition, Ainsworth brings the total number of units under gaming operation on daily fee in North America to over 2,800, with Nova closing at 1,425 units, more than doubling the existing number of products under its gaming operation unit segment in the jurisdiction.
During the transaction period, Ainsworth created an immediate integration plan now being executed. Nova will be operated as part of AGT’s existing corporate structure in the Americas.
“We are thrilled to announce the closing of the Nova acquisition, as it represents another positive step in our continued growth in North America,” said Danny Gladstone, CEO of Ainsworth. “Besides being accretive from day one, we are also most happy to bring Nova’s entire team into our Ainsworth family. This not only provides us with immediate entry into Class II markets but it further expands the current product offering in the existing markets that the group currently successfully operates in.”
