Amber completes acquisition of Madbricks

Amber has completed the purchase of developer Madbricks, although the financial terms have not been disclosed.

Madbricks, based in Colombia, is known for its co-development expertise and has previously worked with Amber. Other collaborations include projects with Voodoo, ByteDance, and Maximum Games.

The Bogotá-based firm has a workforce of approximately 40 employees.

This acquisition aligns with Amber's global growth strategy of incorporating other studios, according to their statement.

Mihai Pohonțu, CEO of Amber, remarked, "The commitment and expertise of Madbricks during our previous joint efforts were remarkable, making this acquisition a natural progression. Our foundation is in emerging markets, and Madbricks will strengthen our footprint in the South American gaming sector."

In recent years, Amber has established a worldwide network of work-for-hire studios, including a studio in Mexico in 2020, ones in Ukraine and Poland in 2022, and new locations in Taiwan and the Philippines in 2023.

To fuel its expansion, Amber secured a $20 million investment in October 2022.