Ainsworth Game Technology (ASX:AGI) signed a scheme implementation deed with Novomatic to acquire 47.1% of the company's share capital that it does not currently have a relevant interest in, according to a Monday filing with the Australian bourse.

Company shareholders will receive a cash consideration of AU$1 per share upon implementation of the scheme, the filing said.

The cash consideration will result in an equity value of AU$336.8 million and an enterprise value of A$336.5 million for the company.

Novomatic currently has a relevant interest in 52.9% of the company shares on issue, per the filing.

Ainsworth Game Technology shares were up 32% in morning trade on Monday.