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New Deal


Announced

Completed

Devolver Digital completed the acquisition of System Era Softworks for $40m.

Financials

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Transaction Value£32m
Consideration TypeCash, Ordinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Friendly

Completed

Single Bidder

development studio

United States

Acquisition

Majority

Gaming

Synopsis

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Devolver Digital, an American video game publisher based in Austin, Texas, specializing in the publishing of indie games, completed the acquisition of System Era Softworks, a small development studio led by veteran game developers, for $40m. "The thing that excites me the most about System Era is the cultural and strategic fit with Devolver. This is a highly experienced, talented group of developers who come with a proven hit, Astroneer, in its eighth year. Their know-how in Expandable Games development opens up a new player-base and revenue stream for Devolver. We are looking forward to bringing the fun to new players in new, innovative ways - and above all welcoming the team to Devolver in coming days and months," Douglas Morin, Devolver Digital CEO.

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