EveryMatrix is set to complete its acquisition of igaming supplier Fantasma Games after shareholder approval.
Over 95 per cent of Fantasma’s shareholders voted for the public offer by EveryMatrix, worth SEK59 (€5.21) in cash and a total consideration of SEK209.8m (€18.5m).
A total of 95.2 per cent of shareholders approved the transaction.
EveryMatrix group CEO Ebbe Groes said: “We’re delighted to announce that this acquisition will proceed. It is another M&A deal fully funded from our own cash flow and made possible due to our rapid organic growth. We see big synergies and opportunities.
“Fantasma’s games are recognised by the world’s largest operators and their players as among the very best both from a performance and an experience perspective.
“Its games production output is seriously impressive, as is their management and staff who have created a business that consistently generates remarkable financial results.”
Fantasma Games’ CEO and founder, Fredrik Johansson, said: “Now, as we approach the next major phase in our growth, I’m confident that EveryMatrix is the perfect partner to help us realise our long-term vision.
“We not only share a common passion for innovation, but also 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 technical platform and extensive experience in fostering successful collaborations within the gaming industry, which makes us feel confident that together we can take our game development to new heights.
“Through this partnership, we see tremendous potential, not only to enhance the quality of our existing games, but also to develop new and groundbreaking game concepts that can set future standards.
“We look forward to building a long-term and successful collaboration where we can jointly continue to drive development forward and create added value for both players and our partners.”
