Innocore Gaming has just announced that 100 per cent of its shares have been acquired by Taiwan-based Advantech.
The newly formed business unit, Advantech-Innocore, will focus its combined resources on the international gaming industry to provide an unrivalled product range, sales force and customer service team.
Edward Price, managing director of Innocore, said: "Innocore has had four years of consecutive sales growth, since the management buy-out in 2006, providing specialist hardware and dedicated software to the gaming industry. There has been a relentless search for perfection from product, product support, sales and customer service.
"We see this merger as a significant event that creates the single most capable and effective supplier to the gaming industry. The combined engineering R&D team of more than 600 people will allow us to expand and accelerate our product road map as well as take on limitless custom projects. I look forward to seeing many of our customers at G2E to introduce the new company."
KC Liu, founder and CEO of Advantech, added: "Advantech has been looking for the right opportunity to enter the vertical market of gaming. I highly appreciate the achievement of the current Innocore management team in the gaming computing business. After the acquisition, the current Innocore CEO, Edward Price, who has proven track record of more than 12 years in the gaming industry, will continue to lead Advantech-Innocore."
Innocore’s current staff will all continue in their current roles, providing continuity for customers during the transition. Additional support and sales teams will be provided through Advantech’s 4,500 employees in 39 offices in 18 countries.
