King & Wood Mallesons (KWM) is pleased to be advising Europe’s largest gaming technology group, Novomatic AG (Novomatic) on its proposed acquisition of all of the outstanding share capital of ASX-listed Ainsworth Game Technology Limited (AGI) in a transaction valuing the company at ~$340m by scheme of arrangement. A binding Scheme Implementation Deed was signed on 28 April 2025, and implementation is expected to occur in August 2025.
As the majority shareholder of AGI, the acquisition will allow for further consolidation and streamlining of operations and technological development, and is consistent with Novomatic’s international growth strategy.
KWM is supporting Novomatic on all legal and tax aspects of the transaction, including FIRB approval.
The KWM team is led by M&A Partners Paul Schroder and Anthony Boogert and supported by Senior Associates Tom Harrison and Jing Wang, Solicitors Sarah Jones, Gordon Yen and Matthew Tuxen. Tax advice is provided by Partner Greg Protektor and Senior Associate Thomas Wu. And FIRB advice by Partner Intan Eow and Solicitor Mark Teh.
Commenting on the deal, Paul Schroder said: “We are delighted to have once again supported our longstanding client Novomatic on this milestone.”
KWM advised Novomatic on its original acquisition of a majority stake in AGI in 2016.
