M&A News

Chinese lottery solutions provider AGTech Holdings has finalised the strategic acquisition of lottery software developer Score Value Ltd for HK$489.5m (€53.5m), facilitating its entry into the smartphone lottery market.

The strategic acquisition, agreed in November last year, was completed via AGTech’s wholly-owned subsidiary Silvercreek Technology Holdings, with the supplier now owning a 100 per cent equity interest in Score Value.

It said that the deal would not only strengthen its existing lottery hardware business, but also allow it to take a leading role in China’s mobile gaming market.

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