Italian lottery provider buys German games developer for $49.6 million from Gauselmann.
Monday 26th May 2008
Italian lottery technology and solutions provider Gruppo Lottomatica has announced the completion of its purchase of casino gaming equipment developer and manufacturer Atronic from Germany’s Gauselmann AG for $49.6 million.
Lubbecke-based Atronic is the only European slot machine manufacturer licensed in Nevada and Lottomatica stated that the purchase was carried out through its GTech Corporation subsidiary. In January, GTech acquired a 50 percent controlling interest in Atronic for $31 million in a deal now totalling just over $293 million, which includes approximately $212.5 million of debt.
“Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry,” read a statement from Atronic.
“GTech is a leading gaming technology and services company providing innovative technology, creative content and superior service delivery. GTech and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider, a combined company with worldwide scale, considerable financial strength and industry-leading customer solutions.”
Italian lottery technology and solutions provider Gruppo Lottomatica has announced the completion of its purchase of casino gaming equipment developer and manufacturer Atronic from Germany’s Gauselmann AG for $49.6 million.