International Game Technology - M&A Summary and Business Overview

GamingCompany

International Game Technology M&A Summary

International Game Technology has acquired 9 companies, including 2 in the last 5 years. It has also divested 3 assets.

International Game Technology’s largest acquisition to date was in 2022, when it acquired PostePay - Italian Commercial Payment Business for $789M. It’s largest disclosed sale occurred in 2020, when it sold Lottomatica Holding Srl to Lottomatica for $1.1B. International Game Technology has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include software (34%) and digital media (23%).

International Game Technology Business Overview

Where is International Game Technology headquartered?

International Game Technology is headquartered in London, United Kingdom.

What is International Game Technology’s revenue?

International Game Technology disclosed revenue of 4,310M USD for 2023 and 4,225M USD for 2022.

How many employees does International Game Technology have?

International Game Technology has 11,000 employees.

What sector is International Game Technology in?

International Game Technology is a gaming company.

When was International Game Technology founded?

International Game Technology was founded in 2014.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity9
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 5
  • M&A Advisors 9

International Game Technology

International Game Technology PLC

10 Finsbury Square, Third Floor,
London, EC2A 1AF
United Kingdom,
+44 2038 661 240
www.igt.com

International Game Technology is a provider of 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, England.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 7 - - 2 - - 9
vol $745M $969M $1.7B
Sell (0.2/yr) # 2 1 - - - - 3
vol $54M $1.1B $1.1B
  12

Most Recent M&A

Company Date Value Type
PostePay - Italian Commercial Payment Business 2022-09-15 789M EUR Divestiture
Roma, Italy
ISBT Holdings Ltd. 2022-04-11 180M EUR Add-on Acquisition
Birkirkara, Malta · www.isoftbet.com
Lottomatica Holding Srl 2020-12-07 1.1B EUR Divestiture
Rome, Italy · www.lottomaticaitalia.it
Double Down Interactive LLC 2017-04-18 - Divestiture
Seattle, Wisconsin · www.doubledowncasino.com
Leap Forward Gaming, Inc. - Intellectual Property 2016-11-08 - Divestiture
Reno, Nevada
Double Down Interactive LLC 2012-01-13 500M USD Add-on Acquisition
Seattle, Wisconsin · www.doubledowncasino.com
Barcrest Group Ltd. 2011-05-01 54M GBP Divestiture
Oldham,
Entraction Holding AB 2011-03-05 115M USD Add-on Acquisition
Stockholm, Sweden
Progressive Gaming International Corp. 2009-01-20 - Add-on Acquisition
Las Vegas, Nevada · www.progressivegaming.net
Cyberview Technology, Inc. 2008-07-08 - Add-on Acquisition
Las Vegas, Nevada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 3 (33%) 115M (7%) - -
Digital Media 2 (22%) 680M (40%) 1 (33%) -
Technology Hardware 2 (22%) 130M (8%) - -
Business Services 1 (11%) - - -
Information Technology 1 (11%) 789M (46%) - -
Gaming - - 1 (33%) 1.1B (95%)
Machinery - - 1 (33%) 54M (5%)
Total 9 $1.7B 3 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 6 630M 1 -
  Nevada 4 130M - -
  Wisconsin 1 500M 1 -
  California 1 - - -
Italy 1 789M 1 1.1B
- - 1 54M
Malta 1 180M - -
Sweden 1 115M - -
Domestic - - - -
Cross-border 9 (100%) 1.7B (100%) 3 (100%) 1.1B (100%)
Total 9 $1.7B 3 $1.1B

Top M&A Advisors

Financial Deals
UBS Investment Bank
 2
KPMG Corporate Finance LLC
 2
Oakvale Capital
 1
Legal Deals
White & Case
 1
Wachtell, Lipton, Rosen & Katz
 1
ADVANT Nctm
 1

Deal Values

buy # Total
$100M to $1B 5 $1.7B
TOTAL $1.7B
Largest PostePay - Italian Commercial Payment Business
$789M (2022-09-15)
sell # Total
> $1B 1 $1.1B
< $100M 1 $54M
TOTAL $1.1B
Largest Lottomatica Holding Srl
$1.1B (2020-12-07)

M&A Connections

Deals
Acquired from
Strategic(s)
22%
2 (22%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Gaming

Employees

11,000

Established

2014

Public

NYSE: IGT

Former Name

GTECH S.p.A.

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