Pollard Banknote Bought Next Generation Lotteries For € 36 Million
Pollard banknote limited has signed a final agreement on the acquisition of 100% of next general meration lotteries as (ngl) – developer of complex solutions for the lottery industry.
Pollard banknote will buy ngl at the expense of its own and credit funds. Under the condition of the contract, the transaction value is €36 million. However, as sbc news writes, the contract price is voiced to standard revision adjustments and some deferred cash payments. At the time of closing the transaction will be paid €32 million and the remaining €4 million lists to achieve certain target rates of gross profits in 2021.
The close take place at the beginning of the first quarter of 2021, provided than all permits will be ready by the regulatory authorities and third parties to the transaction by this time.
Making the focus on the markets of europe and asia, ngl serves services such as loteries de catalunya in spain and also is a lottery service provider in some international jurisdictions, including tunisia and norway.
Pollard banknote is hoping that the acquisition of ngl will help expand the range of company products both on the usual offline market and online – ilottery gaming. In addition, a new acquisition will be an important addition to the leading neopollard interactive llc joint venture to the leading north american joint venture.
Recall that in 2020 the volume of transactions m&a showed a fall both in russia and in europe. In the world, this figure decreased by 15% compared with 2019 – up to $ 3.4 trillion.