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New Deal


Announced

Completed

Keywords Studios completed the acquisition of Hardsuit Labs for $15m.

Financials

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Transaction Value£11m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

Completed

Single Bidder

United States

game developer

Majority

Gaming

Acquisition

Friendly

Synopsis

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Keywords Studios, an Irish video game industry services company, completed the acquisition of Hardsuit Labs, a game development studio, for $15m. "Hardsuit is a high-quality studio that works on some of the world's largest franchises, and we are excited to welcome Andy, Russell and their team to Keywords. The business is a great fit for our Create service line and strengthens our existing offering for some of the strongest intellectual properties in digital entertainment. Hardsuit is our first game development studio in Seattle, growing our presence in a city home to several existing and potential clients, and gives us access to a high-quality talent pool from which to drive future growth. We are looking forward to working with the Hardsuit team and supporting the studio's continuing growth as part of Keywords," Bertrand Bodson, Keywords Studios CEO.

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