Evolution recently finalised an agreement that will see it acquire the DigiWheel product. The provider stated that it considers the addition of the special HD spinning game wheel a great achievement.
The deal will take the form of a cash transaction with over $1M to be paid upfront. Evolution will also pay supplementary compensation dependant on DigiWheel’s net income for the third year following the acquisition. The acquisition is expected to be completed by the end of 2021 when specific closing conditions are fulfilled.
Evolution’s representatives expressed that the company anticipates that the agreement will enhance its portfolio greatly. DigiWheel is a unique 360-degree, high-definition gaming wheel that operates as a live online game. The wheel’s HD screen can run any prize wheel or money wheel game, including Evolution’s entire wheel game show library.
The innovative digital technology looks set to be of great benefit to Evolution’s catalog of game shows and live casino games that includes engaging wheel-based titles like Crazy Time, Dream Catcher, and many others.
DigiWheel will retain its brand under the Evolution Group, adding more adaptability to its offering. The company will join the likes of Ezugi, NetEnt, Red Tiger, and Big Time Gaming, but will still develop its own unique content for a much wider player market.
Officials from both companies expressed mutual excitement over the deal. The CEO of DigiWheel, John Purcell, said that the deal is a welcome development and that his company has achieved a lot in the 9 years it took to develop a unique product.
He added that DigiWheel offers a memorable, one-of-a-kind digital gaming experience and that the deal will enable the company to offer its innovations and content to larger audiences.
Martin Carlesund, the CEO of Evolution Group, stated that his company is constantly on the hunt for new technology and innovations. He added that DigiWheel’s developments were highly impressive and that being on the verge of closing the acquisition deal is highly exciting. Carlesund concluded by emphasizing that Evolution will always strive to provide its players with the best possible online gaming experience.