Live casino developer Evolution has signed an agreement to acquire Arcadia Gaming Solutions, according to a press release.

Arcadia's technology allows players to interact in real time with a physical arcade machine virtually via computer or mobile device.

The deal includes an initial cash purchase price of €2.5 million and in addition, Evolution will pay an earn-out based on Arcadia Games' 2027 earnings.

The transaction is expected to close in the second half of this year and is subject to certain closing conditions, Evolution writes.