List of mergers and acquisitions by Embracer Group

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Embracer Group is a Swedish video game holding company controlled by Lars Wingefors. In 2016, the company was spun out of Nordic Games Group and in 2019 it was renamed Embracer Group.

As of December 2025, they own more than 55 internal studios in nearly 30 countries in Europe and the Americas. Its subsidiaries are organized under six groups: CDE Entertainment, Dark Horse Media, DECA Games, Embracer Freemode, Plaion and THQ Nordic. Each group has its own operations, subsidiaries and development studios.

Acquisitions

More information Date, Company ...
Date Company Country Parent company Value Ref.
August 2017 Black Forest Games Germany THQ Nordic €1,360,000 [1][2]
Pieces Interactive Sweden $350,000 [3]
November 2017 Experiment 101 $8,900,000 [4]
February 2018 Koch Media Austria/ Germany Plaion $149,000,000 [5]
July 2018 HandyGames Germany THQ Nordic [6]
November 2018 Coffee Stain Holding Sweden Coffee Stain Holding $34,900,000 [7]
Bugbear Entertainment (90%) Finland THQ Nordic
February 2019 18Point2 Australia Plaion €1,900,000 [8]
Warhorse Studios Czech Republic €42,800,000 [9]
May 2019 Piranha Bytes Germany THQ Nordic [10]
August 2019 KSM Plaion [11]
Gaya Entertainment [12]
Milestone Italy €44,900,000 [13][14]
Gunfire Games United States THQ Nordic [15]
Goodbye Kansas Game Invest
  • Fall Damage (50%)
  • Framebunker (21%)
  • Kavalri (21%)
  • Neon Giant (24%)
  • Palindrome Interactive (50%)
 Sweden Amplifier Game Invest $3,950,000 [16]
December 2019 Tarsier Studios Sweden $10,500,000 [17]
February 2020 Saber Interactive
  • Saber Belarus
  • Saber Porto
  • Saber Russia
  • Saber Spain
  • Saber Sweden
 United States Saber Interactive $525,000,000 [18]
Voxler France Plaion €1,900,000 [19]
May 2020 DestinyBit Italy Amplifier Game Invest [20]
August 2020 4A Games Malta/ Ukraine Saber Interactive $45,000,000 [21]
New World Interactive United States
Rare Earth Games Austria Amplifier Game Invest €3,300,000
Vermila Studios Spain €900,000
Palindrome Interactive (remaining 50%) Sweden
Pow Wow Entertainment Austria THQ Nordic
DECA Games Germany DECA Games €25,000,000
Sola Media Plaion $2,700,000
September 2020 Vertigo Games Netherlands €50,000,000 [22]
November 2020 Flying Wild Hog Poland $137,000,000 [23]
Purple Lamp Studios Austria THQ Nordic
Zen Studios Hungary Saber Interactive
Snapshot Games Bulgaria
Nimble Giant Entertainment Argentina
34BigThings Italy
Mad Head Games Serbia
Sandbox Strategies United States
A Thinking Ape Entertainment Canada DECA Games $31,000,000
IUGO Mobile Entertainment
Coffee Stain North (remaining 40%) Sweden Coffee Stain Holding
Silent Games United Kingdom Amplifier Game Invest
Quantic Lab (95%) Romania €4,500,000
February 2021 Gearbox Software
  • Gearbox Studio Québec
 United States Gearbox Software $1,300,000,000 [24]
Easybrain Cyprus/ Belarus Easybrain $640,000,000 [25]
Aspyr United States Saber Interactive $450,000,000 [26]
SpringboardVR United States Plaion [27]
May 2021 Kaiko Germany THQ Nordic [28]
Massive Miniteam
Appeal Belgium
Frame Break Sweden Amplifier Game Invest
August 2021 3D Realms Denmark/ United States Saber Interactive [29]
Slipgate Ironworks Denmark
CrazyLabs Israel DECA Games
DigixArt France Plaion
Force Field Netherlands
Ghost Ship Games (remaining 65%) Denmark Coffee Stain Holding
Easy Trigger Sweden
Grimfrost (70%) THQ Nordic
Demiurge Studios United States Saber Interactive [30]
Fractured Byte Estonia
SmartPhone Labs Russia
September 2021 Bytex [31]
October 2021 Jufeng Studio China DECA Games [32]
Splatter Connect United Kingdom Plaion [33]
December 2021 Asmodee
  • Atomic Mass Games
  • Bezzerwizzer Studio
  • Catan Studio
  • Days of Wonder
  • Edge Entertainment
  • Fantasy Flight Games
  • Gamegenic
  • The Green Board Game Company
  • Libellud
  • Lookout Games
  • Mixlore
  • Pearl Games
  • Plan B Games
  • Purple Brain
  • Rebel Studio
  • Repos Production
  • Space Cow
  • Space Cowboys
  • Unexpected Games
  • Z-Man Games
  • Zygomatic
 France Asmodee €2,750,000,000 [34]
Green Tile Digital Sweden Amplifier Game Invest [35]
Perfect World Entertainment China Gearbox Software $125,000,000 [36]
Spotfilm Networkx Germany Plaion [37]
Shiver Entertainment United States Saber Interactive [38]
Digic Holdings Hungary [39]
Dark Horse Media United States Dark Horse Media [40]
February 2022 A Creative Endeavour Sweden Amplifier Game Invest [41]
Metricminds Germany THQ Nordic [42]
March 2022 Development Plus Inc. United States Plaion [43]
Invisible Walls Denmark Amplifier Game Invest [44]
April 2022 Beamdog Canada Saber Interactive [45]
Lost Boys Interactive United States Gearbox Software [46]
May 2022 Assets of Square Enix Europe CDE Entertainment $300,000,000 [47]
August 2022 Tripwire Interactive United States Saber Interactive [48]
Tuxedo Labs Sweden
Middle-earth Enterprises United States Embracer Freemode
Limited Run Games United States
Bitwave Games Sweden
Gioteck United Kingdom
Singtrix United States
Tatsujin Japan
October 2022 Anime Limited United Kingdom / France Plaion Pictures [49][50][51]
VR Distribution Australia / United Kingdom Asmodee [52]
January 2023 Captured Dimensions United States Gearbox Software [53]
Close

Divestitures

More information Date, Company ...
Date Company Operative group Buyer Price Ref.
November 2019 Foxglove Studios THQ Nordic Management buyout [54]
July 2023 Goose Byte Amplifier Game Invest [55]
October 2023 Fall Damage Fragbite $1,800,000 [56]
November 2023 River End Games Nordcurrent [57]
February 2024 Saber Interactive Saber Interactive Beacon Interactive $247,000,000 [a] [58]
March 2024 Gearbox Software Gearbox Entertainment Take-Two Interactive $460,000,000 [59]
Rainbow Studios THQ Nordic Management buyout [60]
May 2024 Shiver Entertainment Saber Interactive Nintendo [61]
November 2024 Easybrain Easybrain Miniclip $1,200,000,000 [62]
November 2025 Arc Games
Cryptic Studios		 Freemode Project Golden Arc $30,000,000 [63]
December 2025 Anime Limited Plaion Toho [64]
Close

Notes

  1. [a]
    Beacon Interactive has the option to later acquire 4A Games and Zen Studios from Embracer Group, which will raise the total acquisition price to $500 million if exercised.

References

External links

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