The Everi Holdings acquires, thanks to an agreement of $ 26.7 million (AU $ 43 million), Ecash Holdings.
The reason that pushed Eyri to this is the will of company expansion, which knows how much the addition of Ecash is fundamental for the extension of the suite of solutions offered.
Ma Let's find out more about this agreement in these paragraphs written by our experts in the sector.
Endi and Ecash: What are they?
Now that we know of Eyre who acquires Ecash Holdings, let's find out better What these 2 companies are.
The first, or Everi Holdings, is a company based in Nevada and listed on the Nyse (New York Stock Exchange). Over the years he has specialized as a company that produces slot machines, and which offers financial services and other casino equipment Both online and physical.
Ecash, on the other hand, is an Australian company founded over 20 years ago, specialized in Payment systems that support papers, cloud and cashnull Has numerous customers all over the world including Aristocrat, Crown (of which McGrath is the new CEO of Sydney) and many other famous companies. Then, it also works with governments and public bodies both in Australia and in Europe.
The agreement with which Everi acquires Ecash
As we have already mentioned at the beginning, Evel acquires Ecash with an agreement of the value of $ 26.6 million.
Of these 26.6 million of $ (AU $ 43 million), he will have to pay almost 13 million at the end of the agreement and the remainder in 2 transactions in 2023 and 2024null Money that Endi, according to the company, will be financed by the cash available to them and by the cash that will enter the future in the cash flow.
On Everi Holdings and Ecash both sides have issued various statements.
The President and Operational Director of Endi Holdings, or Randy Taylor, said: “We are pleased to enter this agreement to acquire Ecash and welcome all their team to Eyri at the end of the transaction ".
And he added: "Ecash is astrategic addition to our growing global portfolio which will provide Epri with an entrance to the great Australian game market thanks to their expert team, the proven portfolio of products and the consolidated basic customer ".
"The acquisition there will also provide an incremental customer base in the United States And in other game markets that we currently do not serve. Epri has never been better positioned while We continue to successfully perform our strategic growth initiatives.”, then concluded by saying Taylor.
While Andre Soussa, the future CEO of Eyri, said: “We are enthusiastic about the opportunity to unite the leader Fintech of the game industry. By integrating the current Ecash products and markets with Eyri offers, we will be able to add value on a much wider range of customers and unlock new and exciting growth opportunities along the road ".