Ghost Ship Games will act as a sister company to Danish studio Coffee Stain, making the latter "an indie operating group with emphasis on continued organic growth as well as M&A," the announcement said. This acquisition doubles Vertigo's "internal development capacity," the announcement said.ĭigixArt will also come under the Koch Media banner, while Slipgate Ironworks is being acquired by Saber. Vertigo is owned by Koch Media, which is owned by Embracer. The announcement clarified that Amsterdam-based VR and AR studio Force Field was acquired by Vertigo Games specifically. The acquisition of the mobile games publisher should be completed by September 30, 2021. The announcement said that these acquisitions should contribute to Embracer's sales in the range of SEK 2-3 billion ($232 million to $348 million) in the next financial year (ending March 31, 2023).Ĭrazy Labs' acquisition was presented as the "most impactful" in terms of its future contribution to Embracer's sales and operational earnings before interest and taxes. Embracer Group has announced the acquisition of eight studios for an approximated SEK 2.7 billion ($313 million).Īn additional consideration of up to SEK 2 billion ($232 million) will be paid should the studios meet agreed milestones over a period of up to eight years.
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