Benzinga | Oct 1, 2021 03:32PM EDT

Everi Acquires Strategic Assets From Meter Image Capturing For Undisclosed Sum

* Everi Holdings Inc (NYSE: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.