Evolution announced that it has signed an agreement to acquire Arcadia Gaming Solutions. Arcadia's innovative proprietary technology enables players to engage real-time with a physical arcade machine virtually through their desktop or mobile devices, offering a unique and engaging online experience.
The acquisition includes an up-front cash consideration of EUR 2.5 million. In addition, Evolution will pay an earn-out based on Arcadia games' performance in 2027. Completion of the transaction is planned for H2 2024 and is subject to certain closing conditions.
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