EveryMatrix is set to complete the acquisition of Fantasma Games after more than 95% of Fantasma shareholders accepted its public offer, surpassing the required threshold and ensuring the deal moves forward.
The public offer, announced on September 18, 2024, proposed a cash acquisition of all shares in Fantasma Games AB for SEK 59 (€5.21) per share, valuing the company at a total of SEK 209.8 million (€18.5 million). Fantasma Games is currently listed on the Nasdaq First North Growth Market Sweden.
The acceptance period for the offer began on September 19, 2024, and closed on October 10, 2024. The bid was contingent on at least 90% of shareholders agreeing to the deal. With 95.2% of shareholders giving their approval, EveryMatrix can now proceed with the acquisition.
As the world’s largest games aggregator through its SlotMatrix platform, EveryMatrix offers over 29,000 games from more than 350 third-party studios, alongside its in-house games developed by Armadillo Studios.
The acquisition of Fantasma Games will greatly enhance EveryMatrix's portfolio, adding many popular slot titles already integrated with major operators, including Paddy Power, Betsson, LeoVegas, DraftKings, and BetMGM. These games are played by millions across 50 countries.
This move represents a strategic investment in content and casino games, reinforcing EveryMatrix's ability to deliver a broader range of premium games to its clients. The acquisition also strengthens its direct contracts and integrations, further boosting one of its most profitable business areas.
Fantasma Games’ strong market distribution is expected to benefit EveryMatrix's ambitions in expanding its footprint in emerging markets, particularly North America. Fantasma already holds established contracts with numerous tier-1 operators in licensed iGaming states, offering a platform for continued growth.
Ebbe Groes, Group CEO and Co-Founder of EveryMatrix, expressed his excitement over the deal, stating, “We’re delighted to announce that this acquisition will proceed. It is another M&A deal fully funded from our own cash flow, made possible due to our rapid organic growth. We see big synergies and opportunities!"
He praised Fantasma’s success: "Fantasma’s games are recognized by the world’s largest operators as some of the best in both performance and player experience. Their impressive game production output, combined with their remarkable financial results, makes this acquisition a great opportunity."
Groes also credited the teamwork involved: "I’d like to thank the EveryMatrix team who have worked tirelessly to make this possible, as well as Fredrik and his team. Together, we believe we can achieve even greater things.”
Fredrik Johansson, CEO and Founder of Fantasma Games, shared his pride in the company’s journey and optimism for the future: “I’m incredibly proud of the fantastic journey we’ve undertaken with Fantasma Games. Now, as we move into the next phase of growth, I’m confident that EveryMatrix is the ideal partner to help us achieve our long-term vision."
Johansson continued, "We share a passion for innovation and an understanding of what it takes to create engaging, unique gaming experiences. With EveryMatrix’s strong technical platform and extensive industry experience, we feel confident that together we can take our game development to new heights.”
Looking ahead, both companies are optimistic about the potential for growth. Johansson added, “Through this partnership, we see tremendous potential not only to improve the quality of our existing games but also to create new and groundbreaking game concepts. We’re excited to continue driving development forward, adding value for players and partners alike.”
As the deal moves toward completion, the partnership between EveryMatrix and Fantasma Games is poised to reshape the future of gaming, combining their strengths to bring new innovations to the market and solidify their positions in the global iGaming industry.
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