Interblock acquires Zuum
The supplier said this deal could potentially strengthen its market leadership.
Interblock has acquired a majority share in Zuum Limited, a company that manufactures both Class II and Class III bingo products, slots and electronic table games (ETGs).
Under the terms of the agreement, Interblock will offer its ETG solutions within price-sensitive markets through its expanded portfolio. Both companies plan to enhance both business and personal levels by creating new synergies.
The company described the recent merger as “a significant step in strengthening its market leadership.” Interblock also noted this agreement will allow the company to offer a larger variety of cost-effective and innovative gaming solutions.
Interblock CEO John Connelly took a moment to discuss the deal and how it will affect business going forward.
He commented, “This acquisition will provide Interblock the ability to penetrate an entirely new segment of the casino industry.
“With Zuum’s innovative, cost-effective product lineup, we’re now able to offer a more diverse range of gaming solutions to meet the needs of casinos in both high-yielding and evolving markets.”
Interblock, which is owned by Oaktree Capital Management, has offered ETGs to the gaming industry for more than 30 years.
Zuum Founder and selling shareholder Mitja Kolman said that the company is eager to join Interblock and hopes this deal will enhance its current customer base.
He said in closing, “Bringing Zuum into Interblock family opens up exciting opportunities for Zuum to get more creative, reach new customers and combine our strengths to build even better, high-quality products.
“This acquisition will help us grow, explore fresh ideas, create awesome experiences across different platforms, and setting us up for long-term success and growth.”
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