Evolution Gaming, a leading provider of online casino games and live-dealer gaming sites, has completed its acquisition of online game developer Nolimit City, in a cash deal worth up to €340 million (£287 million/$347 million).
The deal struck in June provides for an initial payment of €200 million in cash, with a further €140 million based on future performance.
Nolimit City is the fourth brand in Evolution’s slot game portfolio. In 2020, EVOLUTION acquired NetEnt, which itself had acquired Red Tiger. Last year, the company acquired Big Time Gaming, producer of the Megaways mechanic.
“With the addition of Nolimit City to the Evolution family we extend our portfolio of truly innovative and cutting-edge games from the top brands and game makers in the industry,” Evolution Chairman Jens von Bahr said at the time of the initial announcement, according to iGaming Business.
Nolimit City co-founder Jonas Tegman added, “I cannot think of a better match between two companies than between Nolimit City and Evolution; we are fully aligned in terms of people, product, technology and how to get the job done.