Ainsworth controlling shareholder Novomatic proposes acquiring 47pct balance of Australian firm’s stock

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**Novomatic Moves to Full Ownership of Ainsworth in AUD336.5M Deal**

Austrian gaming giant **Novomatic AG** is making a decisive move to acquire full control of Australian slot machine manufacturer **Ainsworth Game Technology Ltd.**, announcing plans to purchase the remaining 47.1% of shares it does not yet own.

Novomatic already holds a 52.9% stake in Ainsworth. According to a filing submitted by Ainsworth on Monday, both companies have entered into a formal **scheme implementation deed**, paving the way for Novomatic to buy out the rest of the company through a court-approved scheme of arrangement.

Under the proposed deal, Ainsworth shareholders will receive **AUD1.00 (approx. US$0.64) in cash per share**. This represents a significant **35% premium** over Ainsworth’s last closing price on Thursday—prior to Friday’s public holiday in Australia.

The transaction, which implies an **enterprise value of AUD336.5 million**, remains subject to shareholder approval and a few standard conditions. However, confidence appears high: Ainsworth’s independent board committee has **unanimously recommended** that shareholders vote in favor of the offer.

Novomatic has made it clear that the **AUD1.00 per share offer is its “best and final”**. While Ainsworth is allowed to declare a dividend before the transaction closes, any payout would be deducted from the offer price.

> **“This proposal from Novomatic—already our majority shareholder—offers a compelling premium and presents strong value for minority shareholders,”** said Ainsworth Chairman Daniel Gladstone.

In its own statement, Novomatic said it expects the acquisition to be finalized in the **second half of 2025**. The deal aligns with Novomatic’s international growth strategy, particularly in the Asia-Pacific and U.S. regions.

> **“As a long-term shareholder, we know the business well. Integrating Ainsworth into our global operations supports our strategic goals,”** said **Stefan Krenn**, Executive Board Member at Novomatic.

Ainsworth has enlisted **Macquarie Capital** as its exclusive financial adviser and **Clayton Utz** as legal counsel for the transaction.

The deal comes on the heels of Ainsworth reporting a strong turnaround in its 2024 results. The company posted a **net profit of AUD30.3 million**, a notable recovery from a **loss of AUD6.5 million** the previous year.

However, not all segments saw growth. Ainsworth’s **Asia-Pacific division**—which covers Australia, New Zealand, and Asia—saw revenue drop from **AUD48.8 million in 2023 to AUD42.7 million in 2024**, due to increasingly competitive market conditions.

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