Leading iGaming software provider EveryMatrix has submitted a formal public offer to acquire all shares in Fantasma Games AB. The proposed acquisition is valued at SEK 59 (€5.21) per share, resulting in a total cash consideration of approximately SEK 209.8 million (€18.5 million).
Fantasma Games AB, a Stockholm-based games developer, is listed on the Nasdaq First North Growth Market in Sweden. The acceptance period for the offer is set to begin on September 19, 2024, and will close on October 10, 2024.
EveryMatrix, a global B2B iGaming provider, is renowned for its industry-leading solutions, including its proprietary CasinoEngine platform, which is responsible for driving record revenues for its operator partners.
The acquisition of Fantasma Games is expected to bolster EveryMatrix’s game development capabilities, adding a popular portfolio of titles already integrated with more than 250 operators worldwide. These games are played by millions across 50 countries, significantly expanding EveryMatrix’s global content reach.
Through its SlotMatrix aggregation platform, EveryMatrix already operates the largest collection of games in the industry, featuring over 29,000 titles from 330+ third-party studios alongside its in-house game development under Armadillo Studios.
The integration of Fantasma Games would further enhance this offering, solidifying EveryMatrix’s position as a powerhouse in game aggregation and distribution.
Fantasma Games, a well-regarded developer known for its innovative game design, has demonstrated strong financial growth, reporting an EBITDA of €395,000 in Q2 with a 36% profit margin.
The acquisition is expected to create strong synergies between the two companies, with Fantasma’s management team and production capabilities complementing EveryMatrix’s existing strengths in the gaming sector.
"More than 50% of Fantasma Games' shareholders have already signed binding agreements to sell their shares," signaling strong support for the deal. However, the offer remains conditional upon at least 90% shareholder acceptance.
Upon the conclusion of the acceptance period, EveryMatrix is expected to provide further updates on the acquisition’s status.
This deal is poised to significantly enhance EveryMatrix’s presence in the global iGaming landscape, aligning with its ongoing strategy of expanding its content offerings and delivering exceptional gaming experiences to operators and players worldwide.
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