Lottomatica subsidiary Gtech completes acquisition of 90 % of Enodoc
It also expects to pay up to an additional 13.6 million euros based on the performance of the business in 2008 and 2009.
Ten percent of St Enodoc remains with Gary Shaw, Founder and Chairman, until at least 2012, at which point both Shaw and Gtech have the right to cause Gtech to acquire Shaw’s shares.
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. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing, media, and financial services group.
Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2007, had approximately 1.7 billion euros in revenues and 5,900 employees in over 45 countries when combined with Gtech.
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