Austrian gaming giant Novomatic AG has again extended its offer to acquire from other shareholders all shares it doesn’t already own in Australian slot machine supplier Ainsworth Game Technology (AGT).
A letter provided to the Australian Securities Exchange (ASX) by Novomatic’s legal representatives in its takeover bid show that the company has extended the offer period by almost two months until 7pm Sydney time on Friday 30 January 2026. The offer, already extended once previously, had been due to expire on 3 December 2025.
Novomatic first revealed in April its intention to pursue a full takeover of AGT by way of a Scheme of Arrangement but was forced to pursue an alternative route after it became apparent that the scheme would be blocked by a group of shareholders led by Kjerulf Ainsworth, son of company founder Len Ainsworth.
Since then, the offer has seen Novomatic increase its holding in AGT from 52.9% to around 61.5%. Kjerulf Ainsworth has also been looking to increase his stake, albeit at a smaller rate, via a proportional takeover bid that if fully accepted would see his interest in the company grow from 7.27% to 9.9%.
Ainsworth is offering AU$1.30 per share while Novomatic has valued AGT shares at AU$1.00 per share, representing a total consideration of AU$158.6 million (US$104.3 million) should it succeed in full acquisition.
It’s been a busy few months for AGT, which also saw CEO Harald Neumann tender his resignation after the Nevada Gaming Control Board (NGCB) opted against renewing his license in the state.
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