Next Generation Lotteries acquires Novomatic’s lottery arm
Norway-based lottery solutions provider Next Generation Lotteries (NGL) has acquired Novomatic Lottery Solutions (NLS), a subsidiary of the Austrian gaming giant, for an undisclosed sum.
This sees NGL become the sole shareholder and owner of all NLS’ intellectual property and subsidiaries, as well as taking on all its existing contracts. It will also maintain its offices in Austria, Serbia, Iceland, Tunisia and Spain, alongside its own offices in Norway and Germany.
“It is our true privilege to have acquired what is said to be the most modern lottery system in the world and the services of the talent that created it,” NGL chief executive Hans Vigmostad said.
“What we have acquired today is more than a company, it is a more than the intellectual property developed with great ingenuity by passionate professionals over 20+ years.
“I am convinced that this acquisition, with the new vigor we intend to bring to the company, will accelerate our growth, revitalize the development of NLS’ product portfolio, grow existing business and allow us to win new business. It’s time to prove that this is the most modern lottery system.”
Formerly known as Gaming Solutions, NGL claims to offer a full suite of lottery products and services, and powers lotteries for a number of charitable organisations in its native Norway.
Novomatic chief operating officer Ryszard Presch said he was pleased NLS would remain “in good hands” under NGL’s ownership.
“There is a perfect strategic fit of both companies and the experienced team of Next Generation Lotteries has a convincing concept for further development of NLS,” Presch explained.
“Moreover, it was important to us to pay attention to the existing jobs and that Austria will remain the company´s headquarter.“
NLS was established in 2013, when Novomatic acquired Icelandic lottery service provider Betware.