It increased its shareholding to 51 %

AGI acquires majority shareholding in Octavian

2009-06-04
Reading time 44 seg

Octavian founder and CEO Harmen Brenninkmeijer said: “Octavian and AGI have worked closely together in recent years and there is great synergy between our two companies, as well as complementary products and expertise. This move will serve to formalise our working relationship. For example, AGI will now offer Octavian systems solutions as an option alongside its own product offering. At the same time, Octavian will harness AGI expertise to build on the success Octavian has achieved with its AWP games in the re-regulated Italian market.”

“Both individually and collectively, AGI and Octavian have an extremely strong offering to operators in established and developing gaming markets across the globe,” added Brenninkmeijer.

Jens Halle, Managing Director of AGI, commented: “With AGI and Novomatic’s expertise in cabinets and games and Octavian’s focus on systems and games, we are very excited about the further opportunities that will open up for both companies.” According to Halle, the initial focus of their collaborative efforts will be strengthening each company’s position in existing markets. It is likely, too, that AGI and Octavian will attend several major gaming shows together and launch other shared marketing initiatives.

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