Evolution AB Acquires Galaxy Gaming for Approximately $85M

July 18, 2024

Evolution AB (publ), via its subsidiary Evolution Malta Holding Limited, agreed to acquire Galaxy Gaming, Inc. for approximately $85 million in cash, valuing the company at about $124 million including net debt. The deal strengthens Evolution's US presence and content portfolio by adding Galaxy's proprietary table games and technology; Galaxy's management and employees will be retained and the transaction is expected to close in mid-2025 subject to shareholder and regulatory approvals.

Buyers
Evolution AB (publ), Evolution Malta Holding Limited
Targets
Galaxy Gaming, Inc.
Location
Nevada, United States
Transaction Type
Buyout

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