Pollard Banknote Limited, the lottery operator based in Winnipeg, has agreed to acquire Next Generation Lotteries AS, a leading provider of lottery management and iLottery technology.
The deal, announced in the last day of 2020, will see Pollard Banknote acquire 100 percent of the equity of Next Generation Lotteries, but the acquisition is subject to regulatory and third-party consents. The move is expected to be finalized by the end of the first quarter of 2021.
Pollard Banknote Limited is one of the oldest companies in the industry and a landmark in the Canadian city of Winnipeg. The company was established in 1907 and it started out as a commercial printing business. Then, in the 1970, it made the move towards security printing and eventually into lotteries and iGaming.
Next Generation Lotteries is leading a supplier to the lottery industry, providing retail lotto systems and iLottery platforms to several operators all around the world.
The company, which has its main headquarters in Vienna, Austria, was mainly focused on Europe and Asia, providing lottery solutions in various jurisdictions. Next Generation Lotteries purchased Novomatic Lottery Solutions from NOVOMATIC AG on October 31, 2019, and since then grew its presence on the international market.
Next Generation Lotteries has opened offices in Spain and Tunisia in order to operate lotteries in those countries, but also hired development staff in Serbia and Iceland. Overall, the company employs approximately 130 people at the moment.
