On September 18, EveryMatrix announced a recommended public offer to acquire all shares of Fantasma Games AB for €5.21 in cash per share, with a total cash consideration of €18.5 million. Now, more than 95% of Fantasma Games shareholders have accepted EveryMatrix's proposal for the company, ensuring that the acquisition will proceed.
The acceptance period for the offer began on September 19 and expired on October 10. The offer was conditioned on at least 90% of shareholders accepting the offer.
This condition has now been met with 95.2% of Fantasma Games shareholders agreeing to the transaction.
Shares of Fantasma Games are listed on the Nasdaq First North Growth Market Sweden.
EveryMatrix is the world's largest game aggregator through its SlotMatrix platform, with over 29,000 games from more than 350 third-party studios, in addition to its own in-house game development within Armadillo Studios.
The acquisition will significantly strengthen EveryMatrix's game production with the immediate addition of many well-known slot titles that are integrated with more than 250 operators, including Paddy Power, Betsson, LeoVegas, DraftKings, and BetMGM, to name just a few, and played by millions of players in 50 countries.
By continuing to invest in content and casino, EveryMatrix further strengthens its customer offering by adding a portfolio of globally popular premium games enjoyed by next-generation players, boosting its direct contracts and integrations, and further strengthening one of the most profitable areas of its business.
Fantasma Games' market distribution will also increase EveryMatrix's presence in fast-growing markets such as North America, where it has established contracts with several tier 1 operators across all licensed iGaming states and where it has ambitious plans for the coming years.
Ebbe Groes, CEO of the Group and co-founder of EveryMatrix, said: “We are very pleased to announce that this acquisition will proceed. It is another M&A deal fully funded by our own cash flow and made possible by our rapid organic growth. We see great synergies and opportunities!”.
“Fantasma's games are recognized by the world's largest operators and their players as some of the best, both in terms of performance and experience. Their game production is truly impressive, as is their management and team who have created a business that consistently generates remarkable financial results”.
“I would like to thank the EveryMatrix team who worked so hard to make this possible, as well as Fredrik and his team, with whom we believe we can achieve even greater things as a combined force”.
Fredrik Johansson, CEO and founder of Fantasma Games, said: “I am incredibly proud of the fantastic journey we have undertaken so far with Fantasma Games. Now, as we approach the next major phase of our growth, I am confident that EveryMatrix is the perfect partner to help us realize our long-term vision”.
“Not only do we share a common passion for innovation, but we also have a deep understanding of what it takes to create gaming experiences that truly engage and entertain players in a unique way. EveryMatrix has a strong and broad technical platform and extensive experience in fostering successful collaborations in the gaming industry, which makes us confident that together we can take our game development to new heights”.
“Through this partnership, we see tremendous potential, not just to enhance the quality of our existing games, but also to develop new and innovative game concepts that can set future standards. We look forward to building a successful and long-term collaboration, where we can continue to drive development and create added value for players and our partners”.
EveryMatrix provides software, solutions, content, and iGaming services for casino, sports betting, payments, and affiliate management to global tier 1 operators, as well as to newer brands. The platform is highly modular, scalable, and compliant, allowing operators to choose the ideal EveryMatrix solution and combine it with in-house and third-party technology and resources.
EveryMatrix, which empowers clients to unleash bold ideas and deliver exceptional player experiences in regulated markets, has 1,000 employees in 13 countries and serves over 300 clients worldwide, including the regulated US market.
The company is a member of the World Lottery Association (WLA) and the European Lotteries Association. In September 2023, it became the first iGaming supplier to receive WLA Safer Gambling certification.
Source: GMB
