{"id":1759765,"date":"2022-08-09T10:03:52","date_gmt":"2022-08-09T14:03:52","guid":{"rendered":"https:\/\/platogaming.com\/?post_type=station&p=1759765"},"modified":"2022-08-09T10:41:14","modified_gmt":"2022-08-09T14:41:14","slug":"evolution-completes-acquisition-of-nolimit-city","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/evolution-completes-acquisition-of-nolimit-city\/","title":{"rendered":"Evolution completes acquisition of Nolimit City"},"content":{"rendered":"
After announcing the acquisition deal in June, Evolution has completed the Nolimit City takeover. Evolution AB has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd for a consideration payable in cash.<\/p>\n
All regulatory approvals required for the transaction are finished, which completes the acquisition. Evolution is already a large gaming company and now has even more to offer its customers and partners via the agreement.<\/p>\n
Quick Deal Completion<\/strong><\/p>\n The deal was announced in late June by Evolution<\/a>, announcing that up to \u20ac340 million ($357 million) would be spent in the Nolimit City acquisition. An official press release detailed the arrangement, which was expected to close by late September. The deal was set to include an initial cash consideration of \u20ac300 million ($210 million)<\/strong> and then earn-out remunerations.<\/p>\n <\/p>\n At the time, Chairman of Evolution Gaming Limited, Jens Von Bahr, commented that Nolimit City was an innovative and world-leading producer of online slot gaming content. The target developer will fit in nicely with other providers in the brand\u2019s collection including Red Tiger and Big Time Gaming.<\/strong><\/p>\n Von Bahr pointed out that the addition of Nolimit City<\/strong> will extend the brand\u2019s portfolio with cutting-edge games from top brands within the industry. Evolution<\/a> has followed the team of Nolimit City for quite some time and has been impressed at the style of games the group creates.<\/p>\n