[COMPANY NEWS] Evolution today announced that it has signed an agreement to acquire Arcadia Gaming Solutions. Arcadia's innovative proprietary technology enables players to engage real-time with a physical arcade machine virtually through their desktop or mobile devices, offering a unique and engaging online experience.
The acquisition includes an up-front cash consideration of EUR 2.5 million. In addition, Evolution will pay an earn-out based on Arcadia games' performance in 2027. Completion of the transaction is planned for H2 2024 and is subject to certain closing conditions.
For investor enquiries, please contact:
ir@evolution.com
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Evolution AB specializes in the development, publishing and marketing of live casino games on the Internet for gaming operators. The group operates in the fields of roulette, blackjack, baccarat and poker games, while offering software solutions and online casino platforms live on computers, smartphones and tablets.
At the end of 2023, Evolution AB had 20 production studios located in the United States (5), Canada (2), Malta (2), Spain (2), Argentina, Colombia, Armenia, Belgium, Georgia, Bulgaria, Latvia, Lithuania, Romania and Czech Republic.
Net sales are distributed geographically as follows: Sweden (1.3%), Malta (67.1%), Curaçao (8.7%), Australia (1.2%), North America (6.9%) and other (14.8%).
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