Embracer Group buys Crystal Dynamics, Eidos and Square Enix Montréal for 285 million euros

Embracer Group stated on Monday that it has agreed to pay $300 million for Square Enix development studies Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and a catalog of franchises like Tom Raider, Deus Ex, Thief, Legacy of Kain, and more than 50 titles (285.3 million euros at current exchange rates).

THQ Nordic, Koch Media, Gearbox, Saber Interactive, Deep Silver, and Coffee Stain are among the companies owned by Embracer Group, which has expanded its portfolio with the acquisition of three new developers, according to a release.

Square Enix and Embracer Group have agreed to buy three of Embracer’s studios: Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal for 285.3 million euros at current exchange rates, which will be paid in cash. The organization employs 1,100 people from the three studios, who are scattered over eight offices in various locations.

The arrangement between the two firms includes the Embracer Group acquiring 50 franchises, including Tomb Raider, Deus Ex, Thief, and Legacy of Kain.

The transaction is subject to numerous regulatory approvals, and Embracer Group anticipates it to close during the second quarter of its fiscal year 2022-2023, which spans from July to September this year.

Crystal Dynamics was created in 1992, and its 300 employees are presently working on a new Tomb Raider game that will use the Unreal Engine 5 graphics engine, according to Embracer Group. In addition, at the restart of Perfect Dark, they are partnering with The Initiative.

Eidos-Montréal, on the other hand, was created in 2007 and employs approximately 500 people. His employment include developing triple-A titles in the action, adventure, and role-playing (RPG) genres.

Finally, Square Enix Montréal is a company that specializes in video games. It was first lit in 2011 and now employs around 150 people. In its instance, the firm is focused on bringing PC and console franchises like Hitman, Tomb Raider, and Deus Ex to mobile devices.

After the transaction is completed, the United States will be the country where Embracer Group has the most development studies, followed by Canada. Under total, the company will employ around 14,000 people, 10,000 of whom will be developers, as well as 124 studios and 230 games in production, 30 of which will be triple A.

By Editor

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