Ainsworth completes Nova acquisition

All necessary regulatory approvals have been completed and AGT was able to close this acquisition ahead of time. The transaction was accomplished using existing credit facilities.

Nova provides AGT with an immediate presence in the US Class II markets and an opportunity for growth within the Americas with an expanded library of products to an increasingly large addressable market.

With this acquisition, AGT brings the total number of units under gaming operation on daily fee in North America to over 2,800, with Nova closing at 1,425 units, more than doubling the existing number of products under its gaming operation unit segment in the jurisdiction.

During the transaction period, AGT created an immediate integration plan now being executed. Nova will be operated as part of AGT’s existing corporate structure in the Americas.

Danny Gladstone, Chief Executive Officer, said “We are thrilled to announce the closing of the Nova acquisition, as it represents another positive step in our continued growth in North America. Besides being accretive from day one, we are also most happy to bring Nova’s entire team into our Ainsworth family. This not only provides us with immediate entry into Class II markets but it further expands the current product offering in the existing markets that the Group currently successfully operates in.”

The half year results for the six months period ended 31 December 2015 are scheduled to be released to the ASX after market on Tuesday 23 February 2016.