![]() ![]() The holdings company will continue pursuing additional mergers and acquisitions moving forward, and Crazy Labs in particular is well positioned to help Embracer realize these goals. ![]() All eight studios must generate a combined $696 million (6 billion SEK) by March 2029 to receive maximum additional consideration from the deal. “Brick by brick we continue to improve our operating groups and consequently Embracer as a whole.”Įmbracer expects the acquisitions to boost its sales by $232 million to $340 million between now and the end of March 2023. “I am excited to welcome more than 500 great talents across a wide range of well established businesses that further diversify and strengthen the group across the world from day one,” Lars Wingefors, Embracer co-founder and CEO, said. ![]() The move will help Embracer expand its portfolio into multiple new segments and offers a solid foothold in the mobile space in particular. Embracer Group has acquired eight studios, including Tel Aviv-based Crazy Labs and Duke Nukem developer 3D Realms, in a deal amounting to $313 million (2.7 billion SEK), the Stockholm holding company announced. ![]()
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