SBC News GTECH forms steering committee for IGT integration

GTECH forms steering committee for IGT integration

marcosala
GTECH SpA Chief Executive Officer Marco Sala

GTECH SpA Chief Executive Officer Marco Sala announced via a corporate video that GTECH senior management had begun to plan the integration of recently acquired International Game Technologies (IGT), in what will become one of the gambling industry’s biggest technology operators.

Sala stated that the board of GTECH, had created a steering committee in order to aid the process of integration between the two international betting and gambling technology operators.

Sala commentated on the committee “The steering committee will be responsible for overseeing and guiding the integration planning. The committee will set key targets, make final decisions and help eliminate any obstacles along the way.”

GTECH SpA acquired IGT in July for a total sum of $6.4 billion, the completion of the corporate acquisition is set to be closed by Q1 2015. Since the announcement of the deal, Sala revealed that board members of GTECH had begun to plan the process of integration, seeking the advise of both GTECH and IGT senior management on operational challenges which both companies will face with merger.

Marco Sala added, “Until the merger is closed, GTech and IGT must operate as independent competitors. For now, anti-trust laws allow us to plan for the integration of the two companies. Due to the size and scope of this merger, I want to emphasise that these changes will not happen overnight.”

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