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Embracer Will Not Stop Buying Games Companies, Acquires 8 More

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Embracer Will Not Stop Buying Games Companies, Acquires 8 More 1

Embracer Will Not Stop Buying Games Companies, Acquires 8 More 2

Embracer Group, the Swedish games holding company formerly known as THQ Nordic AB, is back at it again. The company, which has been in the business of acquiring games companies for some years now, has announced that it will be adding 8 more studios to its collection.

Embracer announced the news in a post on its website, and includes Duke Nukem studio 3D Realms and Deep Rock Galactic Creator Ghost Ship Games. The aggregated cost of the acquisition is around SEK 2.7 billion ($313 million USD). This figure could rise by up to a further SEK 2 billion ($232 million) if the newly-acquired studios are able to meet certain functional and operational milestones over the next eight years. Embracer has said that it is hoping the latest additions will contribute to sales ranging between $230 to $348 million in the next fiscal year.

New Embracer Studios

  • Deca Games
  • 3D Realms
  • Crazy Labs
  • Ghost Ship Games
  • DigixArt
  • Easy Trigger
  • Grimfrost
  • Slipgate Ironworks

Speaking about the acquisition, Co-founder and Group CEO Lars Wingefors said that he is “excited to welcome more than 500 great talents” to the company. Despite the recent acquisition and Embracer’s purchase of Gearbox for a reported $1.3 billion earlier this year, it looks like its shopping spree may not yet be over. Wingefors went on to say, “We still have a strong balance sheet with a sizable net cash position to support further M&A going forward. We continue to have many ongoing discussions with entrepreneurs, creators and companies to join the family, including large or transformative companies that would create new operating groups”.

Of the acquisitions, Embracer has said that Israeli dev team Crazy Labs is its “most impactful contributor” in terms of sales. The mobile games publisher is set to be acquired by Embracer by September 30. The company says that within free-to-play games, the combination of Crazy Labs with Deca Games (another of its owned subsidiaries), will look to create a “fast-growing, process-oriented, data-driven organization across the casual and hyper-casual segments in the mobile market”.

Embracer owns more than 240 different IPs across over 40 different countries and will now grow to over 8,000 employees and contracted employees following its latest acquisition. In relative terms, if Embracer were a country and its employees accounted for its population, it would sit comfortably somewhere between Vatican City and San Marino. When they overtake Lichtenstein, that’s when we can start to get nervous.

With Embracer set to acquire both Gearbox Studios and 3D Realms, the real question is, could there be space for a Duke Nukem reboot to be on the cards? For the latest Gearbox news, you can read this article about the Borderlands 3 senior devs leaving the studio to start a new project.

Jared Moore is a freelance writer for IGN. If you’d like to lend him a few hundred million dollars to acquire a few studios he’d be greatly appreciative. Alternatively, you can follow him on Twitter.

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