Evolution has entered into an agreement to acquire Nolimit City, a leading producer and developer of online slot games
Evolution AB (publ)’s wholly owned subsidiary, Evolution Malta Holding Limited, (“Evolution”) has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd (“Nolimit City”) for an upfront consideration of EUR 200 million (the “Transaction”). With earn-outs of up to EUR 140 million the total consideration can amount to up to EUR 340 million, payable in cash.Transaction highlights and strategic rationale Nolimit City is a truly innovative, world-leading producer of online slots games that has created its own niche in the market through games with