Germany’s Merkur GmbH has “has acquired a significant stake” in Spintec d.o.o., a Slovenia-based developer and manufacturer of electronic table games (ETGs), according to a joint announcement on Monday.
The update said the deal marked “a new chapter in the companies’ collaboration,” which began in 2019 as a technological partnership.
No specifics were provided regarding the size of Merkur’s stake, and there was no disclosure regarding any consideration involved for Merkur’s acquisition of the stake in Spintec.
Merkur is a conglomerate involved in making gaming machines, the operation of game arcades and cruise-ship casinos, sports betting, and iGaming.
Dominik Raasch (pictured, left), management board member at Merkur Games, was cited as saying: “Spintec is a highly innovative and successful ETG specialist, distinguished above all by outstanding quality and a strong global footprint.”
He added, regarding Merkur’s stake engagement: “This investment is a real asset for the Merkur Group and an important driver of our international growth strategy.”
Goran Miškulin (pictured, right), Spintec chief executive, was quoted as saying: “I am confident that this investment will allow us to exceed the results of our partnership so far and unlock additional synergies that will create value for both organisations.”
Spintec is described in the update as having a “strong presence” in Latin America and North America, Europe, and “large parts of Asia”.
Merkur’s Mr Raasch observed: “With Spintec at our side, we can offer operators an even broader range of gaming experiences – further strengthening Merkur’s position as a reliable full-service gaming provider.”
As per the statement, the two firms’ existing linkup hinges on the “ideal combination” of Spintec’s “state-of-the-art ETG technology” and Merkur Group’s “reliable distribution structure, international network, and long-standing customer relationships”.
Merkur’s Mr Raasch stated: “Our collaboration creates valuable synergies that enable us to bring these high-quality ETG solutions to a significantly broader audience.’
He added: “Building on our achievements to date and further expanding this especially successful strategic partnership was therefore the natural next step for both sides.”
Spintec’s Mr Miškulin observed: “Over the past years, we have seen just how well Merkur and Spintec complement one another.
“This is demonstrated especially by our cooperation with Merkur Spielbanken, where our ETG solutions are already successfully deployed in numerous Merkur casino properties.”
Merkur Spielbanken operates in Germany a number of gaming venues offering roulette, blackjack, poker and slot machines, which are licensed at local state-level.
Spintec has a presence in the Macau market and in other Asian jurisdictions. It is also trying to expand in other markets, such as Australian and New Zealand.
