Inspired secures regulatory approval for acquisition of Novomatic UK's NTG
Inspired Entertainment announced Friday that the Competition and Markets Authority (CMA) in the UK has cleared the company's pending acquisition of the Gaming Technology Group (NTG) of Novomatic UK Ltd. (Novomatic UK), a division of Novomatic Group.
Inspired previously announced a definitive agreement to acquire NTG on June 11, 2019. The CMA's approval was a requirement to complete the acquisition. Following this approval, the company expects to complete the NTG acquisition on or about October 1, 2019, subject to the satisfaction of the remaining customary closing conditions.
"We are pleased to have received approval from the CMA and are grateful for their diligence and efficiency in reviewing the transaction," said Lorne Weil, Executive Chairman of Inspired. "The anticipated successful completion of this acquisition is expected to be an exciting step forward in the evolution of Inspired into a global gaming company with a comprehensive portfolio of products and services and world-class functional expertise in the gaming industry."
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