Ainsworth luck holds with growth streak

Poker machine manufacturer Ainsworth Game Technology has continued its strong growth in the first half, CY 23 out of the profit and sales slump that accompanied the Covid pandemic. In a trading update the Sydney manufacturer and online games developer said it expected a profit before tax, excluding currency and one-off items, of approximately $20…

Ainsworth buys US games developer

Poker machine and gaming manufacturer Ainsworth Game Technology has bought US-games developer MTD Gaming Inc for an initial consideration of US$13 million. The Sydney company will pay an additional US$13 million to MTD’s private owners on the delivery of financial targets and contract renewals. Ainsworth, founded by Len Ainsworth who started the world’s second-largest gaming…

Aristocrat and Ainsworth headed for court

Australia’s two leading manufacturers of gaming machines, Aristocrat Leisure (ASX: ALL) and Ainsworth Game Technology (ASX: AGI) are headed for a hard-fought patent battle in the federal court. Ainsworth announced it would be vigorously defending action by Aristocrat that alleges it infringed the comppany’s patent rights and Australian Consumer Law. Aristocrat maintains Ainsworth stole technology…

Manufacturing news briefs — stories you might have missed

Legrand Group announces acquisition of New Zealand’s Mechanical Support Systems Electrical equipment company Legrand has announced its acquisition of Mechanical Support Systems (MSS), a New-Zealand based company that offers cable management solutions for the electrical and mechanical sectors. MSS’ services include cable containment manufacturing, supply, installation and design, as well as bespoke fabrication. “While we are…

Half year results news briefs – stories you might have missed

Carbon Revolution begins mega-line production Carbon fibre road wheel manufacturer Carbon Revolution has begun manufacturing its wheels on its mega-line production system which aims to boost volume output. Delivering half-year results, the Geelong, Victoria company said wheels had been produced on the line since January, and commissioning was progressing well. A statement said: “Several processes…