GTECH Has Announced That They Will Be Acquiring IGT
This outstanding combination of two global leaders redefines the future of the gaming industry. Together we are uniquely positioned to provide the industry's broadest and most innovative portfolio of best-in-class products, solutions and services.
Patti Hart, CEO of IGT
Over the last month or so the rumour mill has been going into overdrive regarding GTECH’s intention to purchase IGT. The deal is no longer hearsay as GTECH has announced that they have reached an agreement with IGT to purchase the company for a cool $4.7 Billion.
GTECH Plc is planning on merging the two companies together under a new holding company called NewCo, which will be based in the United Kingdom. The current CEO of GTECH Plc, Marco Sala will become the new CEO of NewCo and the CEO of IGT, Patti Hart will become the vice-chairman of the company. An additional 12 directors have yet to be named; seven of which will be appointed by GTECH and five by IGT.
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