Everi Acquires Strategic Assets From Meter Image Capturing For Undisclosed Sum

Everi Holdings Inc EVRI has acquired certain strategic assets of Meter Image Capturing LLC (MIC), a privately-owned progressive meter reporting technology provider, for an undisclosed sum.
Meter Image utilizes optical and voice recognition to accurately record and store all progressive meter data of electronic gaming machines on a casino gaming floor.
Everi expects the acquisition to be accretive to earnings and operating cash flow.
Everi funded the acquisition from existing cash on hand. It held $341.3 million in cash and equivalents as of June 30, 2021.
Price Action: EVRI shares are trading higher by 7.40% at $25.97 on the last check Friday.