Ainsworth‘s Independent Board Committee has unanimously recommended that Ainsworth shareholders vote in favour of the transaction. NOVOMATIC currently holds a 52.9 per cent stake in Ainsworth, acquired in 2016 from founder Len Ainsworth.
Shareholder approval
The transaction is contingent upon Ainsworth shareholder approval, customary closing conditions, and is anticipated to be finalized in the latter half of 2025. The offer made by NOVOMATIC does not hinge on due diligence or regulatory approvals, having already obtained approval from the Foreign Investment Review Board.
Ainsworth is a publicly traded company on the Australian Securities Exchange (ASX), headquartered in Newington, Sydney, with a global presence including operations in North and South America. Ainsworth is recognized as a prominent provider of gaming solutions in Australasia and the Americas.
Novomatic growth
NOVOMATIC stands as a major player in the gaming technology sector globally, operating as a comprehensive service provider across all gaming industry segments through approximately 300 international subsidiaries. With a presence in more than 130 countries, NOVOMATIC boasts a workforce exceeding 26,200 employees.
For additional details regarding the offer and the complete Scheme Implementation Deed, interested parties can refer to the announcement released by Ainsworth to the ASX. J.P. Morgan and King & Wood Mallesons are serving as advisors to NOVOMATIC.
