Nolimit City is Acquired by Evolution

By the end of June, the representatives of both companies have come out with their statement, that Nolimit City will now become part of the Evolution family. Specifically, Jens von Bahr, the chairman of Evolution stated that with the acquirement of Nolimit City, the Evolution portfolio will be expanded and they are proud that another team of experts has chosen to join Evolution, as they have been following them for a while, and are very impressed with the completely new style of slot games that Nolimit City has created.

Co-Founder of Nolimit City, Jonas Tegman also stated that he can't think of a better match between the two companies (Nolimit City and Evolution) because they fully align in terms of technology people, and products, knowing how to get the job done.

There is no doubt that this acquisition will positively affect both Nolimit City and Evolution. For the former, this will provide a fantastic new opportunity to improve their slot creation and bring players even better products, gaining access to new, cutting-edge technology. For Evolution, this deal is a wonderful opportunity to expand their portfolio with creations from another premium-quality provider, as they previously did with other companies Evolution purchased, like NetEnt Big Time Gaming, and Red Tiger. Of course, the purchase will also positively affect Evolution Group’s 2022 EPS, because for this year the expected revenue of Nolimit City is €23m or €30m with an EBITDA.