Evolution AB (publ) (OM:EVO) entered into an agreement to acquire DigiWheel on September 10, 2021. pursuant to the terms of the agreement, the acquisition is an all cash deal with a total up-front consideration of €1 million. in addition, evolution ab (publ) will pay an earn-out payment, based on digiwheel's net income for the third year following closing.

DigiWheel will continue as a brand in its own right within the Evolution Group - alongside Evolution, NetEnt, Red Tiger, Ezugi and Big Time Gaming - adding even greater diversity to the group's product offering for both online and land-based operators. Emmet Scully of L.K. Shields, Solicitors acted as legal advisor to Evolution AB (publ).