Embracer Group has acquired eight companies included Deep Rock Galactic develops Ghost Ship Games and Ion Fury creator 3D Realms for a total of 2.7 billion SEK (313 million dollars).
The agreement will mean that Embracer, which already owns THQ Nordic, Koch Media and Gearbox Software, will hand over an additional SEK 2 billion ($ 232 million) if certain performance milestones are achieved over the next eight years.
As already mentioned, the plate of acquisitions includes deals for studios such as Ghost Ship Games and 3D Realms. It also contains notable features for the Danish studio Slipgate Ironworks, which worked with Ghostrunner port, and Road96 and 11-11 Memories retold develops Digixart.
VR studio Force Field, best known for projects such as Landfall and Coaster Combat, has also been acquired by Embracer together with Hunt develops Easy Trigger.
Embracer completed its latest spending journey by signing deals with Israel-based mobile company CrazyLabs, the developer-publisher behind the casual title Super stylist, and e-commerce and Viking goods specialist Grimfrost.
Embracer outlined the strategic rationale behind the agreements, saying that all eight are designed to improve their capabilities in mobile publishing and development, indie development, VR development and PC and console development ̵
The company’s CEO and co-founder, Lars Wingefors, said Embracer still has a “strong balance sheet with a significant net cash position to support further mergers and acquisitions,” and explained talks with other companies – including “transformative” companies that would create new operating groups – are ongoing. .
Earlier this year, Embracer completed a $ 8.5 million quadruple acquisition and debuted a new publishing arm called Prime Matter through its subsidiary Koch Media.