Gamigo AG is expanding its portfolio and taking over the US publisher and game developer Trion Worlds, Inc. The developer studio became known for video games such as Rift, Trove and ArcheAge. The strategic takeover is expected to generate sales growth of around 2019 million US dollars for 18.
gamigo AG strengthens market position
The gamigo group is considered one of the leading companies in the German games industry. The unites more than 30 games from different genres gamigo group, which has its headquarters in Hamburg, under one roof.
Following the takeover of significant assets from Trion Worlds, Inc., other well-known titles are now being added: including Rift, ArcheAge, Defiance and Trove. Trion Worlds Focus on multiplayer online games fits in perfectly with the platform strategy of gamigo.
“The successful acquisition and now subsequent integration of Trion Worlds into our portfolio sustainably strengthens gamigo's position in both the European and American games markets. On the one hand, we add suitable and successful games to the broad gamigo portfolio. On the other hand, we want to make the best possible use of the considerable opportunities arising from synergy effects with our existing business structures and thus continue to benefit from the exceptional growth potential in the gaming market.”Gamigo board member Remco Westermann comments on the takeover
The acquisition is also attractive from an economic point of view. the gamigo group expects sales growth of around 18 million US dollars and an additional EBITDA (earnings before interest and taxes) of 1 to 4 million US dollars for the coming year.
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