Austrian Gaming Industries GmbH, the international subsidiary of the Novomatic Group of Companies, says it has bought assets formerly belonging to Octavian International, a developer of gaming systems and software. The UK-based Octavian entered administration on 7th May.
Austrian Gaming Industries said the purpose of the asset acquisition from Octavian’s administrator KPMG is to ensure former Octavian customers have continuity of supply backed by the technical, financial and management capabilities of the group.
The Austrian company already had a controlling stake acquired last year, in Octavian Global Technologies, an Octavian subsidiary offering gaming and lottery systems.
Octavian was established in 2001. Its gaming products were marketed under four groupings: OctaSystems; OctaGames; OctaSupplies and OctaLotto. Octavian products have been supplied to more than 30 countries.
Austrian Gaming Industries’ Managing Director Jens Halle said in a prepared statement: “Many of our customers were also Octavian customers and it is to safeguard their requirements and to exceed their expectations that we have taken the decision to acquire these assets and intellectual properties. By extending our focus to include systems we further enhance our core business. We are fully committed to providing the level of innovation and customer service that is the strong foundation of our global business.”
RelatedPosts
