Novomatic’s Attempted Acquisition of Ainsworth Game Technology Comes to an End

Background of the Acquisition Attempt

Recently, Ainsworth Game Technology Limited, an Australian gaming company, confirmed that its expected acquisition by NOVOMATIC will no longer proceed. This announcement followed earlier news indicating a further delay in the takeover process.

NOVOMATIC’s Interest in Full Ownership

NOVOMATIC, which already held a majority stake of 66.59% in Ainsworth, had aimed to purchase the remaining shares to gain full control. However, this initiative faced significant challenges, including shareholder opposition. Several investors, including members of the Ainsworth family, believed the offer undervalued the company, while management appeared to support the acquisition.

These contrasting perspectives caused delays and contributed to a decrease in Ainsworth’s share value during the negotiation period.

Official Termination of the Deal

On January 30, the original deadline for the acquisition, Ainsworth announced a final extension to February 6 to complete the takeover. Despite this, the deal did not finalize by the extended date.

Subsequently, on February 11, Ainsworth officially declared the termination of the takeover agreement, citing the failure to complete the transaction on time.

The company stated that it had ended the Transaction Implementation Deed immediately in line with its terms.

Ainsworth announcement

Financial Outlook Following the Termination

Shortly after announcing the deal’s collapse, Ainsworth released an unaudited financial update for 2025. The company projected an EBITDA around AUD 48 million for the year, consistent with its performance in the previous year.