Last updated: September 17, 2024
Evolution has announced its acquisition of Arcadia Gaming Solutions for €2.5m, bolstering its presence in the iGaming sector. Arcadia specializes in offering remote access to physical arcade machines. This acquisition aligns with Evolution’s ongoing merger and acquisition strategy, following previous deals with Livespins and Galaxy Gaming.
Evolution has released its latest strategic move: its plans to acquire Arcadia Gaming Solutions, a supplier of live arcade games for internet-based sites. This move further strengthens Evolution’s position in the iGaming sector, following the company’s trend of large acquisitions in the last couple of years.
The firm intends to leverage Arcadia’s advanced exclusive technology to diversify its services by offering players new gaming dimensions. Arcadia provides opportunities to play online, which means physical arcade machines through computers, laptops, and mobile phones.
This acquisition enhances Evolution’s increased control in the iGaming market with enhanced innovation by presenting the players with a new form of gameplay.
Gibraltar-based online gambling Group Evolution has revealed its intention to acquire Arcadia Gaming Solutions for € 2. $5 million, further contingent on earn-outs depending on the studio’s results in 2027. The transaction is expected to be completed in the second half of the year and is a move in Evolution’s aggressive expansion plan on the iGaming market.
The acquisition is the latest in several large purchases by Evolution. In October, it bought Las Vegas-based Galaxy Gaming for $85m. This echoes earlier statements by Evolution CEO Martin Carlesund, who hinted at the firm’s ardor for mergers and acquisitions.
This is Evolution’s third large-scale acquisition so far this year after it acquired Livespins for €5m in February. On the same note, Evolution has not stopped diversifying its key product offering, though the live casino segment remains its most lucrative business line.
