The financials of the deal weren't revealed.
According to press materials, Paltronics provides a number value-added applications for in-game media windows and bonusing applications for EGMs, video poker machines and table games. The corporate is a market leader in progressive jackpots, with Paltronics jackpot controllers already deployed in Aristocrat’s highly successful linked progressive products including Hyperlink and Xtreme Mystery. In North America, Paltronics provides a complementary product offering to Aristocrat’s OASIS 360 systems portfolio, with digital media, and venue-wide progressive bonusing products.
In Australia, New Zealand and throughout Asia, Aristocrat will maintain the connection with the independently-owned Paltronics Australasia Pty Limited, which has acted because the exclusive distributor for Paltronics products within the regions.
This acquisition will further strengthen Aristocrat’s OASIS 360 systems offer in North America, while delivering incremental product synergies, access to new technologies and product features, cost savings and integration benefits. This deal will even secure Aristocrat’s access to key technology underpinning the company’s exciting new generation of linked progressive products, while protecting existing multi-site progressive technology infrastructure and opening up further innovation opportunities within the jackpot segment.
“This is a compelling acquisition that allows you to deliver significant value across key strategic segments, particularly our leading U.S. casino systems business and within the fast-growing linked progressive and jackpot markets,” Jamie Odell, CEO and managing director of Aristocrat said in a prepared statement. “This acquisition is another demonstration of Aristocrat’s readiness to make strategic and measured investments behind our core value drivers, in step with our growth plans and our take care of delivering value for shareholders.”
Read More... [Source: Gaming Industry News]
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