By BBBB
Techno Accion offers integrated solutions for lottery organizations i.e. central systems and betting validation terminals. It is the second largest company in the sector amongst four Argentinean companies that hold 100% of the local market. Ιntralot acquired a 50,1% stake in the company whereas the remainder was purchased by the operator of the horse racing of Buenos Aires – HAPSA- and the Casino Club, the state’s casinos manager. Both partners are considered to be very important due to their in-depth knowledge of the local gaming market.
The acquisition cost reached us$ 22 million for the whole company, while the firm has a net cash position of us$ 3.5 million. This acquisition is in-line with Intralot’s strategy to acquire companies with a solid presence in their counties and with sound perspectives for further growth through new opportunities as well as by the synergies to be developed with Intralot.
The CEO of the company, Constantinos Antonopoulos stated: “Intralot, fully committed to its vision and planning, by the acquisition of Techno Accion strengthens its presence in the highly promising market of Latin America. Techno Accion’ s technological base as well as its market insight together with the cutting edge technology and services provided by Intralot – such as the design of new games, sports betting operation, etc. – will generate significant returns in the coming years, as new tenders are expected to be launched in the country. The gaming market of Argentina is very interesting as the projections for its growth are optimistic given the relative low penetration of gaming and the potential introduction of new games, such as numerical and sports betting games”.
English