Next Generation Lotteries (NGL) is pleased to announce the acquisition of Novomatic Lottery Solutions (NLS) from NOVOMATIC AG

in Finance

ANNOUNCEMENT October 31st, 2019 Vienna, Austria

NEXT GENERATION LOTTERIES ACQUIRES NOVOMATIC LOTTERY SOLUTIONS AND SETS SIGHTS ON MARKET GROWTH.

Next Generation Lotteries (NGL) is pleased to announce the acquisition of Novomatic Lottery Solutions (NLS) from NOVOMATIC AG.

The acquisition was closed on October 31st 2019 in Vienna and from the 1st of November 2019 NGL will be the sole shareholder and owner of the NLS Group, including all intellectual property, all subsidiaries, and all existing NLS contracts. NGL was formed around a vision to leverage existing systems and commodity components to deliver cost-efficient solutions for lottery license holders, the acquisition of NLS is a giant leap towards realizing this vision.

“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. What we have acquired today is more than a company, but also the intellectual property developed with great ingenuity by passionate professionals over more than 20 years.” – said Mr. Hans Vigmostad, CEO of NGL.    “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.” – he concluded.

Mr. Ryszard Presch, COO of NOVOMATIC said: "We are pleased that NLS will remain in good hands after many years of development work and significant investments. 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. Moreover, it was important to us to pay attention to the existing jobs and that Austria will remain the company´s headquarter.“ NGL is keeping the existing NLS locations in Austria (HQ), Serbia, Iceland, Tunisia and Spain in addition to NGL’s own offices in Norway and Germany.

While the company’s first priority is to support NLS’ customers and provide them with best-ofbreed products and solutions required for their long-term success, NGL will put emphasis on the business development activity. NLS is now once again ready and eager to grow its existing business, enter into new partnerships and win new business.

ABOUT NGL NGL was formed to take advantage of digital trends and developments to deliver modern and cost efficient solutions for lotteries and license holders. Having a long and broad background in gaming and lotteries the company believes in the opportunities that reside in the digital transformation of the industry.

ABOUT NLS NLS is a provider of end-to-end lottery solutions for international lottery markets. NLS delivers games and services using state-of-the-art technology that allows for easy integration with any 3rd party systems and games. The NLS system supports all sales channels simultaneously, creating a truly Omni-channel offering while at the same time increasing lottery revenues and returns to good causes. With ISO 27001 certification, WLA Security Control Standard Certification and numerous lottery audits, NLS solutions guarantee the highest levels of security and reliability.

About NOVOMATIC The NOVOMATIC Group is one of the biggest international producers and operators of gaming technologies and employs more than 30,000 staff worldwide. Founded by entrepreneur Professor Johann F. Graf in 1980, the Group has locations in more than 50 countries and exports high-tech electronic gaming equipment and solutions to more than 70 countries. The Group operates around 255,000 gaming terminals and video lottery terminals (VLTs) in its some 2,100 plus gaming operations as well as via rental concepts.