Embracer Group acquires 8 more companies for $213 million, including 3D Realms and CrazyLabs
Swedish holding Embracer Group has bought eight more companies. The list includes 3D Realms, CrazyLabs, and Ghost Ship Games. The whole deal cost the company $213.8 million.
On August 5, Embracer announced the acquisitions on its official website. It didn’t disclose how much money it paid for each company. However, the holding expects new companies to generate between $232-348 million during the next fiscal year (ending March 31, 2023).
Following the deal, Embracer Group now employs over 8,000 people in more than 40 countries.
Here is the full list of studios the Swedish holding acquired this time:
- 3D Realms is a Danish publisher, known for the iconic Duke Nukem series. The company will become a part of Saber Interactive. 3D Realms CEO Mike Nielson will step down from its role and will be replaced by current VP Frederik Schreiber;
- CrazyLabs is an Israeli mobile publisher and developer, known for games like Super Stylist, Tie Dye, ASMR Slicing, and Acrylic Nails. According to Embracer, it is the biggest acquisition among all these eight deals. CrazyLabs will be taken over by DECA Games;
- Ghost Ship Games is a Danish studio, best known for Deep Rock Galactic. Prior to the deal, Embracer had a 30 percent stake in the company, and now it will be taken over by Coffee Stain;
- Grimfrost is a Swedish e-commerce and merchandise company, which sells Vikings-inspired clothes and accessories. It is known for collaborating with creators of Games of Thrones and Vikings;
- Slipgate Ironworks is a Danish studio, known for games like Ghostrunner and GRAVEN. The company will work closely with Saber Interactive;
- Force Field is a Dutch VR studio, which developed National Geographic Explorer. It will work closely with Koch Media-owned Vertigo Games;
- DigixArt is a French studio, known for titles like 11-11 Memories Retold, Lost in Harmony, and Road 96. It will be taken over by Koch Media;
- Easy Trigger is a Swedish studio, which developed side scroller Huntdown. It will continue to work on the game under Koch Media’s guidance, with plans to develop new titles.
