Embracer Group: THQ Nordic parent announces four more takeovers

Embracer Group: THQ Nordic parent announces four more takeovers

Embracer Group

Those in charge of the Embracer Group have presented four further acquisitions that were carried out through the subsidiaries THQ Nordic and Amplifier Game Invest. The group paid a total of seven million euros for the acquisitions.

The THQ Nordic developer studios will now include, for example, Appeal Studios. The Belgian team currently employs 55 people, including the creators of Outcast from 1999. The makers are currently working on an action adventure that is set in a sci-fi open world. Another takeover is KAIKO GmbH from Frankfurt, which has taken care of ports from Red Faction Guerrilla Re-Mars-tered, Kingdoms of Amalur Re-Reckoning or Darksiders: Warmastered in recent years.

At the third The acquisition of THQ Nordic is Massive Miniteam GmbH from Pulheim near Cologne. The employees will be integrated into the organization of HandyGames, which was taken over in 2018. The studios are working together on several games. In addition to THQ Nordic, Amplifier Game Invest is also pleased to have a new development studio with Frame Break. The team from Sweden is currently developing a project based on its own IP and located in the co-op area for PC and console. As recently as March, the Embracer Group received around 890 million euros from investors, which will be used, among other things, for further takeovers. This should now also include the four new additions.

Source: Embracer Group

Embracer Group buys four more game studios for a combined $8.5 million

The rapidly expanding Embracer Group has acquired four development studios for a combined SEK 71 million ($8.5 million). 

The Swedish company purchased Frame Break through its Amplifier Game Invest subsidiary, and nabbed Massive Miniteam, Kaiko, and Appeal Studios through its THQ Nordic arm. 

Based in Sweden, Frame Break is currently working on an original co-op experience for PC and consoles. Massive Miniteam is located in Germany and is best known for its work on indie games including Little Big Workship and Spitlings. 

Kaiko, meanwhile, is the German studio behind ports like Red Faction Guerrilla Re-Mars-tered and Darksiders: Warmastered, and Appeal is a Belgium-based studio currently developing an unannounced open-world adventure title.

Along with those acqusitions. Embracer has also established a new office called Gate21 in Bosnia and Herzegovina under the THQ Nordic umbrella. The company said the new opening will 'enable THQ Nordic GmbH to have world-class 3D characters using the most advanced character and facial rigs in development projects.'

Embracer said the deals represent 'valuable bolt-on acquisitions' that will expand the capabilities of its THQ Nordic and Amplifier Games Invest units and specifically strengthen its developer footprint in Europe. 

The quartet of acquisitions means Embracer now owns and operates 68 internal studios in over 40 countries, including Borderlands developer Gearbox, which was recenty acquired in a $1.38 billion deal.