Evolution Finalises NoLimit City Purchase
A deal worth €340m has been announced following regulatory approval; an initial €200m will be paid in cash, with the remaining €140m dependent on NoLimit’s performance up to 2025.
Reaction
Both parties responded with huge positivity to the news of the merger, pointing toward the potential for mutual growth.
“With the addition of Nolimit City to the Evolution family we extend our portfolio of truly innovative and cutting-edge games from the top brands and game makers in the industry.”
Evolution Chairman Jens von Bahr
“I cannot think of a better match between two companies than between Nolimit City and Evolution; we are fully aligned in terms of people, product, technology and how to get the job done.
“The slot vertical is under massive change, and we can’t wait to take on the challenge of global expansion together with Evolution, helping out with navigating towards the best slot product offering in the market.”
Nolimit City Co-Founder Jonas Tegman
It is expected that NoLimit City will continue to make its inimitable brand of online slots; the brand is renowned for its edgy themes, with recent releases such as Mental x9,999 – which is set in an institution – boasting alarming graphics that cause a storm.
Market Domination
Evolution, a live casino specialist software provider, has sought increasing influence in the slots sector. Previous acquisitions include NetEnt, Red Tiger and Big Time Gaming, giving the Swedish company a huge slice of market share and a supply of regular top-tier releases.
The huge financial outlay that Evolution has committed to in recent years means that whichever online casino you choose to play at, it is a given that you will have a wide selection of Evolution-affiliated games.
