Novomatic Extends Ainsworth Takeover Deadline for Final Time
Novomatic has extended the deadline for its proposed takeover of Ainsworth Game Technology for the final time, underscoring the ongoing complexity surrounding the long-running acquisition process.
According to a regulatory filing released on 30 January, the off-market takeover bid has now been extended until 7:00pm Sydney time on 6 February 2026, replacing the previous deadline of 30 January. The extension has been described as the last available under the terms of the offer.
Shareholder Opposition Continues
The proposed acquisition has faced sustained resistance from a group of shareholders, including members of the Ainsworth family, who have opposed Novomatic’s efforts to acquire the remaining shares in the company. Despite this, Novomatic and its founder, Johann Graf, currently control 66.59% of Ainsworth, according to recent ASX disclosures.
The takeover nearly collapsed in mid-2025 after several major investors signalled their opposition, creating uncertainty around the deal’s completion. Novomatic initially acquired its controlling stake in Ainsworth nearly a decade ago, when company founder Len Ainsworth sold his majority holding for approximately A$473 million (€277.6 million).
Business Pressures Add to Complexity
The prolonged acquisition process has coincided with challenging trading conditions for Ainsworth. In December, the company warned investors that pre-tax profit and revenue were expected to decline significantly in the second half of its financial year, with profit projected to fall by more than 45% compared to the first half.
Further pressure emerged following the resignation of Ainsworth CEO Harold Neumann in late 2025, after regulators in Nevada declined to renew his gaming licence. The leadership change added another layer of uncertainty as the takeover process entered its final phase.
Final Deadline Approaches
With the revised deadline now set, market attention is firmly focused on whether Novomatic can secure sufficient shareholder support to complete the acquisition. Should the bid fail, both companies may need to reassess their strategic options amid continued regulatory, operational, and market challenges.
The coming days are expected to be decisive for the future ownership structure of Ainsworth Game Technology.
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