Evolution's wholly-owned subsidiary, Evolution Malta Holding, has agreed to acquire Galaxy Gaming for a total equity value of approximately US$85m.
Galaxy Gaming, a developer and distributor of innovative casino table games and enhanced gaming technology solutions, has a diverse portfolio of cutting-edge games and has established itself as a trusted partner to casinos worldwide.
The acquisition is in line with Evolution’s strategy of being the world’s top provider of casino games, supplying its customers with the best gaming content.
With the acquisition of Galaxy Gaming, Evolution solidifies its presence in the US market and enhances its position as a leading licensor of proprietary tables games to the online gaming industry.
“We are thrilled to announce the acquisition of Galaxy Gaming, which represents a significant milestone in our mission to provide unparalleled gaming experiences to our customers," said Martin Carlesund, CEO at Evolution.
"Galaxy Gaming’s exceptional products and technology complement our existing portfolio and strengthen our strategic position.
“Evolution intends to retain the management and employees and also plans to operate Galaxy Gaming as a separate and independent business unit.”
“We believe this transaction represents the opportunity to unite two world-class, customer-focused teams in a way that will benefit all stakeholders," said Matt Reback, president and CEO at Galaxy Gaming.
"It combines Galaxy Gaming's thriving land-based business, driven by our industry-leading games and progressive technologies, with Evolution's global reach and innovative online gaming leadership."
