UK Competition and Markets Authority Gives Approval Needed for Inspired Entertainment’s Proposed Acquisition of Gaming Technology Group (“NTG”) of Novomatic UK Ltd.
The UK Competition and Markets Authority has given the necessary approval for Inspired Entertainment to go ahead with the acquisition of Gaming Technology Group. Gaming Technology Group is a division of one of Austrian’s biggest gaming giants, Novomatic UK. Inspired is pleased and delighted to receive the approval from the CMA. The company expressed their gratitude by thanking the CMA for their efficiency with reviewing the transaction.
Inspired Entertainment first announced their proposal and confirming their definitive agreement to purchase Gaming Technology Group for $120 million. Details of the deal included six companies within the Gaming Technology Group network. With the approval and go-ahead given, Inspired said they will complete the acquisition around October 1, 2019, and when everything finalizes, it will enhance the company’s comprehensive portfolio of services and products. When Inspired first announced the acquisition agreement, they said all of Gaming Technology’s B3, C and D games sectors would diversify its UK market and allow for the expansion into new regulated territories.
After everything is finalized and Inspired integrates Gaming Technology’s products and service they will manage more than 75,000 machines across Europe and the UK.