The strategic acquisition marks a “significant step” in Interblock’s ongoing growth strategy, it said.
The supplier will integrate Aruze’s EGT product line into its portfolio, adding more than 700 employees to its workforce.
More details on the transaction will be provided as it progresses towards closing, Interblock added. Kirkland & Ellis LLP is representing the business in the transaction.
“The Aruze acquisition creates a significant portfolio of innovative synergies we intend to bring to the market before the end of this calendar year,” Interblock chief executive John Connelly said. “Aruze Gaming provides us with a new level of diversity we feel will accelerate our vision to make Interblock synonymous with table game technology.
“As we continue to differentiate ourselves in the gaming industry, this acquisition empowers us to offer a broader range of high-quality, innovative gaming solutions to our valued partners in both a traditional and online offering.”
ETGs follows slots out the door at Aruze
Interblock’s deal follows Play Synergy snapping up Aruze’s land-based and online slot operations earlier this week. That deal is expected to close in the next 30 days.
The sales come after Aruze filed for bankruptcy in February. CEO Yugo Kinoshita blamed the move on “a recent garnishment judgment against Aruze resulting from a separate judgment against Aruze’s shareholder”.
The supplier is also shutting its Las Vegas office, resulting in the loss of around 100 jobs.
Original article: https://igamingbusiness.com/strategy/ma/aruze-interblock/
