Evolution Ready to Acquire Nolimit City Thanks to the Latest Deal
Evolution Gaming, one of the most famous casino software developers that established itself as one of the leading providers in the industry, recently announced that the company has entered into a partnership with Soaring Eagle Gaming. The deal between the two brands saw the expansion of the developer’s business roots in Michigan.
However, in addition to expanding its presence, the company regularly strives to improve its offering in a variety of ways.
New, Major Deal!
Evolution AB’s owned subsidiary, Evolution Malta Holding Limited announced that it has signed another major deal that marked another important milestone.
Evolution said the brand struck a significant deal to acquire the wholly issued share capital of Nolimit City Holding Ltd. The agreement between the two giants implies an advance amount of EUR 200 million.
Nolimit is a popular casino developer established in 2014. The brand is headquartered in Malta, and since appearing on the iGaming scene, the company has worked tirelessly to provide its customers with unique, interesting, and feature-packed content. The brand’s strategy paid off as the supplier experienced great popularity around the world in a short time. Some of the developer’s titles have experienced great fame including award-winning products such as Mental, San Quentin and East Coast/West Coast.
This step will mark an important milestone for both Evolution and its global growth strategy. Namely, the brand strives to become a leading brand in the industry by providing its partners and clients with top-tier content. By acquiring Nolimit, the company will expand its portfolio of globally renowned B2B brands comprising NetEnt, Red Tiger, and Big Time Gaming.
Few Words from the Chairman
Jens von Bahr, the chairman, of Evolution, is thrilled with this major move. He shared a few words and said in the statement: “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. We have followed Jonas, Emil, and their team for a few years and have been impressed as they have established a completely new style of slot games. I am proud that yet another of the very best minds in our industry has chosen to join the Evolution network.”
Jonas Tegman, Co-Founder, Nolimit City added: “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 vertical slot 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.”
Source: “Evolution has entered into an agreement to acquire Nolimit City’’. European Gaming. June 22, 2022