The GLI Group has completed the acquisition of the remaining shares in iTech Labs

Gaming Laboratories International (GLI Group) has successfully acquired full ownership of iTech Labs by obtaining all the remaining shares.

With a history dating back to 2004, iTech Labs, a gaming testing laboratory, has transitioned into a fully owned subsidiary of GLI Australia Pty Ltd. Presently, iTech Labs conducts testing operations from various locations spanning Australia, Asia, and Europe.

The GLI Group is a renowned provider of testing and assessment services for land-based lottery and iGaming sectors. With its expertise, the GLI Group offers valuable guidance to suppliers, operators, and regulators, aiding them in navigating the evolving landscape of the gaming industry while ensuring compliance with regulatory standards. Since its establishment in 1989, the GLI Group has expanded its presence worldwide, establishing a network of laboratories across six continents.

As a result of this acquisition, iTech Labs’ clients will now have access to GLI’s extensive network of laboratories and established relationships with regulators worldwide. The financial terms of the transaction were not publicly disclosed.

James R. Maida, President of the GLI Group, expressed his satisfaction with the deal, stating,

“We are delighted that iTech will retain its distinctive brand identity and continue its operations as it has for the past 19 years. We are also pleased that Kiren Sreekumar, Geoff Nicoll, Nani Srinivasan, and the entire management, testing, and sales teams will continue to operate and maintain their licenses in the jurisdictions they serve.”

Kiren Sreekumar, CEO of iTech Labs, expressed his enthusiasm, saying,

“The GLI Group shares our values and strong commitment to delivering top-notch service to our customers, and we are extremely pleased with this investment. While iTech has achieved significant success over the years, we are confident that with the support of the GLI Group, our growth will be further enhanced, ultimately benefiting our valued customers.”