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Announced

Completed

Jagex completed the acquisition of Pipeworks Studios from Sumo Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private Equity

Completed

Single Bidder

Gaming

game studio

gaming

United States

Majority

Acquisition

Private

Friendly

Synopsis

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Jagex, a games developer and publisher, completed the acquisition of Pipeworks Studios, a development studio, from Sumo Group, a video game holding company. Financial terms were not disclosed. “We are delighted to welcome Pipeworks into the Jagex Family. Pipeworks presents an incredible opportunity to bring onboard world-class game development talent. The studio brings elite-level game development expertise, specifically in AAA games-as-a-service, with an exemplary track record of collaborations with the world’s best game creators. Lindsay and his team have been running a successful and profitable group for many years, and we look forward to working together to publish Pipeworks’ developed IP and accelerate its growth," Phil Mansell, Jagex CEO.

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