In November 2013 Novomatic AG acquired, through its subsidiary Novo Lottery Solutions GmbH, 90% of the share capital in Betware based in Iceland. Betware develops interactive solutions for gaming operators with a clear focus on delivering lottery platform solutions for the online gaming market. Betware management will continue to hold 10% of the shares after the transaction.
Carlsquare acted financial advisor to the seller.
| Client: | Betware |
| Industry: | Information Technology |
| Assignment: | Sell-side M&A |
| Type of buyer: | Industrial |
