Evolution signs deal to acquire Arcadia Gaming Solutions

Evolution has entered into an agreement to acquire Amsterdam-based video streaming live casino provider Arcadia Gaming Solutions.

Arcadia’s proprietary technology enables players to engage in real-time with a physical arcade machine virtually through their desktop or mobile devices, creating casual live casino games that offer a new experience to players.

Evolution will pay an up-front cash consideration of €2.5 million to acquire the business, alongside an earn-out based on Arcadia games’ performance in 2027.

The transaction is subject to certain closing conditions and is expected to complete before the end of this year.

Evolution is also in the process of acquiring Nevada-based gaming supplier Galaxy Gaming for $85 million, with this transaction expected to complete in mid-2025.

Shares in Evolution AB (STO:EVO) were trading 1.19 per cent higher at SEK1,017.50 per share in Stockholm following the announcement Thursday morning.