buys Paltronics assets, eyes expansion - 4th July
gaming equipment maker Aristocrat Leisure Ltd has
announced the acquisition of all material assets of
U.S.-based Paltronics Inc, including intellectual
property relating to products. It did not disclose
the amount of cash in the deal.
is the latest in a series of mergers and acquisitions
taking place in the casino equipment supply sector.
a statement on Thursday, Aristocrat said it would
maintain its relationship with the independently-owned
Paltronics Australasia Pty Limited, which has acted
as the exclusive distributor for Paltronics products
in Australia, New Zealand and throughout Asia.
is a leading supplier of jackpot managers and display
systems for casino games. That includes applications
for in-game media windows and bonusing applications
for electronic gaming machines, video poker machines
and table games.
jackpot controllers have been deployed in Aristocrats
linked progressive products, including its Hyperlink
and Xtreme Mystery.
company said the acquisition will further strengthen
Aristocrats OASIS 360 casino management system
product in North America, while delivering incremental
product synergies, access to new technologies and
product features, cost savings and integration benefits.
is a compelling acquisition that will deliver significant
value across key strategic segments, particularly
our leading U.S. casino systems business and in the
fast-growing linked progressive and jackpot markets,
Jamie Odell, chief executive of Aristocrat, said in
says it plans to keep expanding in the U.S. and investing
in its core products. Last month, the company confirmed
advanced discussions about acquiring U.S.-based
Video Gaming Technologies Inc.