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New Deal


Announced

Completed

Team17-backed astragon Entertainment completed the acquisition of Independent Arts Software.

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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game developer

Private

Germany

Single Bidder

Majority

Completed

Cross Border

Acquisition

Friendly

Gaming

Synopsis

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Team17-backed astragon Entertainment, a game developer, publisher, and distributor of simulation games, focusing on non-violent cooperative gameplay, completed the acquisition of Independent Arts Software, a traditional German firm that has been producing commercial game software since 1990. Financial terms were not disclosed. "This is an important opportunity for the astragon team to accelerate its pipeline of new IP and add experienced, fully owned development capability to its operational footprint," Debbie Bestwick, Team 17 CEO.

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