Nolimit City Holding Limited buy for Evolution Gaming Limited
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Evolution Gaming Limited announced the inking of a deal to buy fellow Maltese iGaming innovator Nolimit City Holding Limited. The deal is to begin with an initial cash consideration of €300 million and include a trio of earn-out remunerations that could together top out at €140 million.
Evolution Gaming Limited offers its portfolio containing well over 50 mobile-friendly live-dealer titles to some 600 iGaming operators around the world. Stockholm-listed innovator Nolimit City Holding Limited bought the company.
Nolimit City Holding Limited bought for Evolution Gaming Limited. Jens Von Bahr is the Chairman of Evolution. He is proud that yet another of the best minds in the industry has chosen to join his network. Evolution has followed Jonas, Emil and their team for a few years and was impressed with their games.
Nolimit City Holding Limited was established by iGaming entrepreneurs Jonas Tegman and Emil Svard in 2013. It offers a portfolio of over 50 mobile-friendly video slots. Its earnings before interest, tax, depreciation and amortization for the twelve months to the end of December are expected to exceed €23 million.
