Evolution Malta Holding Limited has secured a deal to acquire the full issued share capital of Nolimit City Holding Ltd for an initial consideration of EUR 200 million. Based on the earn-outs of up to EUR 140m, the full consideration can reach up to EUR 340 million, available in cash.
The developer is an innovative company and one of the most successful producers of online slots in the market. It has created special games by specializing in its own niche while delivering interesting themes and engaging content. The brand’s titles stand out and provide players a special, graphically extensive player experience. Some of the best releases from the company are Mental, San Quentin, and East Coast/West Coast.
The takeover is in line with Evolution’s plan of being the top provider of online casino content providing customers with the top gaming solutions. Thanks to Nolimit, Evolution will extend its suite of leading slot companies that already involves NetEnt Red Tiger, and Big Time Gaming.