Greentube Completes Acquisition of Capecod
Greentube has completed the acquisition of the popular Italian games developer Capecod. As part of Novomatic, Greentube is looking to continue to grow in the Italian market. No financial details were released regarding the deal.
Further Expansion for Greentube
Greentube’s acquisition of Capecod is a move that will benefit both parties involved. As the interactive division of Novomatic, the company is always looking for ways to grow the business and strengthen its grip on key markets.
Capecod has been a part of Novomatic Italia’s business for several years, and this new deal will see its titles integrated onto the Greentube platform. It is not just the online casinos in Italy who will benefit from this move though.
Amusement with prize games is another sector that Capecod will be able to help in. Its game-making capabilities will be made available for Greentube’s land-based clients. This will further help the company’s reputation in Italy.
A Promising Partnership
Speaking about the deal, Greentube CFO Michael Bauer said that the deal ticks all of the right boxes. They noted that it covers a range of sectors and will help Greentube grow substantially in the country.
They also praised the work of Capecod, pointing out that its products have proven to be very popular in Italy. They added that both parties will grow stronger as a result of the new partnership.
Novomatic Italia chief executive Markus Buechele also spoke highly of Capecod Gaming. They said that it was an honor to bring their experience into the company. They added that the deal is a testament to all of the hard work that Capecod has achieved in recent years. They also commented on the company’s focus on international markets and how deals like this help them to achieve that.
Busy Times at Greentube
The acquisition happened at a fairly busy time for Greentube. The company launched in the Dutch market in October thanks to its partnership with Holland Casino. The Dutch operator was the first to add Greentube games into its portfolio.
Like many other operators, it has also taken its first steps into the American market. The company has entered New Jersey through a partnership with Golden Nugget Online Gaming. It has also stated its intention to expand into other states. Pennsylvania and Michigan are both on the radar for the very near future. All of these deals are examples of the company’s commitment to international expansion.
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