Swedish slots developer Lady Luck Games is set to acquire fellow provider Spigo ApS’s operations in Denmark.
The studio has signed a letter of intent after agreeing a purchase price combining cash and newly issued shares, with the transaction set to complete before the end of September.
The deal includes 27 of Spigo’s casino games and eight customer integrations, including two with Danske Spil’s two most important B2C brands: Spillehjørnet and Tivoli Casino.
“We are adding casino games with a strong track record and several years of continuous growth to our already strong product portfolio, together with an important technical aggregation platform,” said Lady Luck Games co-founder and CEO, Mads V. Jørgensen
Furthermore, the deal also includes Spigo Station, the supplier’s Denmark-certified platform, and Spigo SDK, its technical solution for accelerated game development.
“We have been looking for a partner for a long time to take Spigo to the next level and now we have finally found the perfect match. We felt that Lady Luck Games respected our history while sharing a long-term vision,” commented Kasper Kau, founder of the Danish Spigo ApS.
“We are convinced that this will give us the right conditions to develop Spigo further and see great potential synergies where Lady Luck Games’ slots will add value for our existing customers while strengthening our commercial position.
“We look forward to an enormously exciting journey together with Mads and Lady Luck Games’ strong team.”
Kau is set to continue in a new role as director of business development, alongside the company’s three game developers.
“We are very happy and proud that Kasper and his team have chosen to continue in the business, and it is an honour to welcome them to LL Lucky Games. Most important of all, the deal entails a direct integration to Danske Spil where we get the opportunity to take over an existing business relationship,” added Jørgensen.