Evolution Group has reached an agreement to purchase DigiWheel’s business, which the company claims will be a “excellent fit” with its product offering.
The acquisition is purely cash, with a €1 million upfront payment and an earn-out payment based on DigiWheel’s net profits for the third year following close.
The DigiWheel is a 360-degree, completely spinning HD gaming wheel that can also be used to play a live internet game. The spinning wheel is equipped with a high-definition screen that can display any money wheel or prize wheel game, as well as all of Evolution’s game show wheel material.
Unique, one-of-a-kind digital gaming innovation
CEO of DigiWheel, John Purcell, said: “This announcement gives all of us at DigiWheel a great deal of satisfaction. For almost 9 years our team have worked tirelessly to create a standout product that is a unique, one-of-a-kind digital gaming innovation.
“This deal will see our unique products and technology brought into the Evolution Group and exposed to an even wider global audience of operators and players, which is enormously exciting.”
The addition of DigiWheel’s technology to Evolution’s online live casino and game show products will bolster the company’s online gaming portfolio, according to the company.
Dream Catcher, Crazy Time, and other wheel-based games are already part of the Evolution repertoire.
Evolution Group CEO Martin Carlesund added: “We are always looking out for interesting technology and have been impressed by what DigiWheel have developed. I am delighted we have reached this agreement.
“DigiWheel is an excellent fit with Evolution’s product offering. We have had successes with wheel games and, of course, we are committed to creating the most immersive and exciting gaming experiences available in online casino.”
DigiWheel will remain a separate brand inside the Evolution Business, alongside Evolution, NetEnt, Red Tiger, Ezugi, and Big Time Gaming, as the group seeks to expand its product offering for both online and land-based operators.