NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
"Silent Games embodies the kind of company we love to support. Highly creative game developers with a strong production background, fueled by passion and engagement, while remaining firmly connected with the local game development community allows us to commit fully to this venture" says
Background and rationale
Silent Games, founded in 2018, is a game development studio seated in
The team plans to build a series of games in a Universe of their own making, ideally suited for a long-lasting franchise, with the first game planned for a 2023 release. Through innovation in game design and co-operative multiplayer technologies, the games aim to allow players to unearth deep secrets of an ancient civilization while unraveling the strong narrative of the present.
"We are incredibly excited for the opportunity to work with Amplifier and the Embracer group building our brand new IP for PC and Console from the ground up. Our long-term partnership will allow for significant growth in Silent Games, and enable us to create a studio that is focused on securing and developing talent in the region for many years to come" says
Silent Games becomes a fully owned subsidiary of Amplifier, joining the ranks of 8 other wholly or majority owned game development studios already part of the Amplifier family. Amplifier Game Invest is one of the six operating groups within
Purchase Price
The parties have agreed not to disclose the full transaction terms due to commercial reasons. The terms for the transaction are in line with previous Amplifier transactions - including an earnout up until 2031 (approximately 10 years).
Completion of the transaction
The transaction is not subject to any further condition and is completed as of
Advisers
For additional information, please contact:
Tel: +46 708 47 19 78
E-mail: lars.wingefors@embracer.com
Tel: +46 705 66 05 55
E-mail: per-arne.lundberg@amplifiergameinvest.com
Tel: +44 751 929 6183
E-mail: sally@silentgames-studio.com
About
With its head office based in Karlstad,
Subscribe to press releases and financial information: https://embracer.com/investors/subscription/
For more information, please visit: http://www.embracer.com
https://news.cision.com/embracer-group-ab/r/embracer-group-acquires-silent-games,c3239068
https://mb.cision.com/Main/15049/3239068/1336508.pdf
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