Tipico agrees to acquire Admiral Austria parent Atlas Group
Tipico Group agreed to acquire all of Atlas Group, the parent company of Austria’s Admiral Group, from Novomatic for an undisclosed sum. The proposed transaction remains subject to conditions, including regulatory approvals; Tipico said it would broaden its position in Austria, while Novomatic said the sale would support its focus on international markets.
Regulatory approvals and other conditions will determine whether Tipico broadens its Austrian position and Novomatic focuses on international markets.