Embracer Group Acquires 4 More Studios

And establishes another one from scratch.

Posted By | On 12th, May. 2021

embracer group

Embracer Group has been on an overwhelming spending spree for some time now, tapping up game development studios left, right and centre. Of the many, many teams the holding company has acquired, quite a few of these have been notable names, including the likes of Little Nightmares developer Tarsier Studios, Metro developer 4A Games, and most recently, even the likes of Aspyr Media and Gearbox Entertainment.

It’s been clear for some time that they don’t have plans to stop any time soon, what with having raised nearly $900 million for even more acquisitions earlier this year- and more acquisitions they have made indeed. The company recently announced that it’s picked up four more teams- Belgium-based Appeal Studios, who’re currently working on an open world sci-fi action-adventure game; port experts Kaiko, who’ve worked with Embracer label THQ Nordic on a number of titles; German studio Massive Miniteam; and Sweden-based Frame Break, who’re currently working on a new co-op focused IP.

Meanwhile, THQ Nordic has also established Gate 21 in Bosnia and Herzegovina, who will “enable THQ Nordic to have world-class 3D characters using the most advanced character and facial rigs in development projects.”

Collecitvely, the four acquisitions cost roughly SEK 124 million. THQ Nordic now has a whopping 68 internal studios with more than 7,100 employees across over 40 countries.

Earlier this year, Embracer Group said that it plans to complete development on over 70 premium games by the end of the current fiscal year, with the second half of 2021 more releases from them than usual. Read more on that through here.


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