Joined: 4/2/2016(UTC)
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Evolution To Acquire Nolimit City  Online gaming giant Evolution has announced that they've come to an agreement to purchase Nolimit City, a popular gaming developer, for up to €340 million. "Nolimit City games stand out and offer players a unique, graphically rich playing experience. Nolimit City titles include award-winning games such as Mental, San Quentin, and East Coast/West Coast."Quote:Jens von Bahr, Chairman of Evolution said: “With the addition of Nolimit City to the Evolution family, we extend our portfolio of truly innovative and cutting edge games from the top brands and game makers in the industry. We have followed Jonas, Emil, and their team for a few years and have been impressed as they have established a completely new style of slot games. I am proud that yet another of the very best minds in our industry has chosen to join the Evolution network.” Quote:Jonas Tegman, Co-Founder of Nolimit City expressed: “I cannot think of a better match between two companies than between Nolimit City and Evolution, we are fully aligned in terms of people, product, technology, and how to get the job done. The slot vertical is under massive change, and we can’t wait to take on the challenge of global expansion together with Evolution, helping out with navigating towards the best slot product offering in the market.” Evolution will pay €200 million in cash up front, with the following €140 million being paid based on performance between 2023 and 2025. They will be paying this out of cash reserves and won't be seeking finance. (Source: Nolimit City)Evolution GamingNolimit City
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