M&A Deal Summary

International Game Technology Acquires PostePay - Italian Commercial Payment Business

On September 15, 2022, International Game Technology acquired information technology company PostePay - Italian Commercial Payment Business from PostePay for 700M EUR

Acquisition Highlights
  • This is International Game Technology’s 1st transaction in the Information Technology sector.
  • This is International Game Technology’s 0th largest (disclosed) transaction.
  • This is International Game Technology’s 1st transaction in Italy.

M&A Deal Summary

Date 2022-09-15
Target PostePay - Italian Commercial Payment Business
Sector Information Technology
Buyer(s) International Game Technology
Sellers(s) PostePay
Deal Type Divestiture
Deal Value 700M EUR

Target

PostePay - Italian Commercial Payment Business

Roma, Italy
PostePay's Italian Commercial Payment Business is a provider of proximity payment business in Roma, Italy.

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Buyer(S) 1

Buyer

International Game Technology

London, United Kingdom

website


Category Company
Founded 2014
Sector Gaming
Employees10,685
Revenue 4.2B USD (2022)
DESCRIPTION

International Game Technology is a provider in casino gaming entertainment and continues to transform the industry by translating casino player experiences to social, mobile and interactive environments for markets around the world. International Game Technology was founded in 2014 and is based in London, the United Kingdom.


DEAL STATS #
Overall 9 of 9
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
Country (Italy) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 iSoftBet

Birkirkara, Malta

iSoftBet is an igaming content provider and third-party game aggregator. The company's portfolio contains approximately 125 proprietary games and more than 4,600 third-party games through the iSoftBet proprietary game aggregation platform. With primary office locations in England, Malta, and Romania, and approximately 350 employees and contractors, iSoftBet has approximately 260 igaming operators as customers and its games are certified by 20 European regulators.

Buy €160M

Seller(S) 1

SELLER

PostePay

Roma, Italy

website


Category Company
Founded 2018
Sector Communications
DESCRIPTION

PostePay is a provider of telecommunication services. PostePay was founded in 2018 and is based in Roma, Italy.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2022) 1 of 1