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Allwyn To Acquire The Camelot Lottery Solutions Group From Ontario Teachers' Pension Plan Board

Dec 22, 2022•almost 3 years ago

Acquiring Company

Allwyn

Acquired Company

Camelot Lottery Solutions Group

Gaming

Description

Allwyn AG ("Allwyn"), Europe's leading lottery operator, and Ontario Teachers' Pension Plan Board ("Ontario Teachers'") today announced that Allwyn has agreed to acquire the Camelot Lottery Solutions group of companies (the "Camelot LS Group"), currently owned by Ontario Teachers'.

Company Information

Company

Allwyn

About

Allwyn is a leading global lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands across Europe in Austria, Czech Republic, Greece and Cyprus, and Italy. Following a successful tender process earlier this year, Allwyn is set to become the operator of the UK National Lottery from February 2024.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed