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AGI acquires majority stake in Octavian
Austrian Gaming Industries and Octavian Global Technologies have jointly announced that AGI is now Octavian's majority shareholder. AGI recently increased its shareholding in Octavian to 51 per cent.
Octavian founder and CEO Harmen Brenninkmeijer said: "Octavian and AGI have worked closely together in recent years and there is great synergy between our two companies, as well as complementary products and expertise. This move will serve to formalise our working relationship. For example, AGI will now offer Octavian systems solutions as an option alongside its own product offering. At the same time, Octavian will harness AGI expertise to build on the success Octavian has achieved with its AWP games in the re-regulated Italian market."
"Individually and collectively, AGI and Octavian have an extremely strong offering for operators in established and developing markets across the globe," he added.
Jens Halle, Managing Director of AGI, commented: "With AGI and Novomatic's expertise in cabinets and games and Octavian's focus on systems and games, we are very excited about the further opportunities that will open up for both companies." According to Halle, the initial focus of their collaborative efforts will be strengthening each company's position in existing markets. It is likely, too, that AGI and Octavian will attend several major gaming shows together and launch other shared marketing initiatives.
