Leading electronic table game supplier Interblock announced on Monday (16 September) that it has acquired rival ETG supplier Zuum Limited.
The acquisition of Zuum, which supplies ETG products in Class II and Class III markets in North America, “will enable Interblock to deliver a broader range of innovative and cost-effective gaming solutions to its customers while driving significant growth in key markets”, the company said in a press release.
According to the company, the Zuum acquisition will enable Interblock to offer affordable, high-quality ETG solutions in price-sensitive markets.
“This acquisition will provide Interblock the ability to penetrate an entirely new segment of the casino industry,” John Connelly, CEO of Interblock said via press release. “With Zuum’s innovative, cost-effective product lineup, we’re now able to offer a more diverse range of gaming solutions to meet the needs of casinos in both high yielding and evolving markets.”
Zuum: Acquisition will allow growth, new ideas
“Bringing Zuum into the Interblock family opens up exciting opportunities for Zuum to get more creative, reach new customers and combine our strengths to build even better, high-quality products,” said Mitja Kolman, founder and selling shareholder of Zuum, in the press statement.
“This acquisition will help us grow, explore fresh ideas, create awesome experiences across different platforms and set us up for long-term success and growth.”
Together the companies will create new synergies and enhance collaboration on both business and personal levels. “As leading companies in ETG globally, this combined strength will drive growth and foster innovation, positioning us for continued market leadership,” reads the press release.
Interblock is owned by funds managed by Oaktree Capital Management LP.
