Saturday, June 12th, 2021

Continuous game studio buyer Embracer can acquire at least 20 companies

The Swedish game holding company and publisher Embracer Group (previously known as THQ Nordic AB) has a large number of businesses after a series of acquisitions in recent years. Now, it clearly attracts another 20 companies directly. Investor introduction While releasing its full-year financial results, Embracer revealed that it has “contacted” more than 150 companies to join Embracer in the past three months alone.

The report said that although the names of these companies are not yet known, they include “larger companies that can form more operating groups.” In terms of its background, its current operating groups include Koch Media, THQ Nordic, Sabre Interactive, and the recently acquired Gearbox Entertainment.In addition, Embracer stated that it is in more than 20 “post-negotiations” with companies for potential acquisitions, although again it did not provide information about what type of company these companies may be. In addition to the larger operating group, THQ Nordic also owns some smaller operating organizations, such as the quality inspection company Quantic Lab, the public relations company Sandbox Strategies, and the recently acquired Swedish Studio Break company.

Embracer has received a boom in acquisitions in recent years, acquiring more than 30 different companies in the past two and a half years. However, Embracer stated in its report that its “determination not to become a’corporate machine’ is stronger than ever before,” emphasizing its desire to focus on encouraging “founders’ creativity.”it Recently raised nearly $900 million for future acquisitions.

The company also reported multiple milestones in its revenue. For example, Valheim sales reached 6.8 million copies from the February 2021 release to the end of March. The company expects sales to increase by one to 1.2 million copies between April and June. .

Embracer’s in-house studio currently has 160 development projects (150 in February), of which two-thirds are in the new franchise, or there are no new projects for at least five years, such as the publisher today Released the new TimeSplitters game.

Rebekah Valentine is a news reporter for IGN.You can find her on Twitter @duckvalentine.