Live casino solutions provider Evolution Gaming has agreed an acquisition deal with live dealer gaming provider Ezugi for an initial cash consideration of $12 million and a further possible consideration maxed at $6 million.
The acquisition will increase Evolution’s geographic footprint and accelerate growth in key markets, the company said.
Currently operating from multiple studios worldwide, Ezugi delivers B2B mobile and web live dealer solutions to online operators, land-based casinos and betting shops. Its markets include the US states of New Jersey and Oklahoma, Europe, Latin America and South Africa.
The acquisition will accelerate Evolution’s growth through additional market shares, as well as product development and operational capability in existing Evolution markets such as Romania and the US.
Evolution’s CEO Martin Carlesund: “I am pleased about this agreement. It is a very logical next step for Evolution which will increase our market share in key existing markets, like the U.S, where Ezugi’s presence and customer base will add to our on-going market expansion as well as add licensees in new markets, such as South Africa.”
Kfir Kugler, CEO and founder of Ezugi: “Ezugi has come a long way since it was founded in 2012 and becoming part of Evolution marks the right next step for us. Evolution’s superior offering in areas such as streaming quality and speed, user experience, game choice and all-round operational excellence will help bring the service to the current Ezugi operators to the next level.”