Embracer Group acquires Quantic Lab SRL
Embracer Group AB ("Embracer") has today entered into an agreement to acquire 95 percent of the shares in Quantic Lab SRL[1] ("Quantic Lab"). Quantic Lab, based in Cluj-Napoca, Romania, is a software outsourcing company specialized in Quality Assurance ("QA") for gaming and applications. The purchase price of MEUR 4.75 is paid in cash and represent a corresponding Enterprise Value of MEUR 5 for 100 percent ownership on a cash and debt free basis.“The gradual expansion of Quantic Lab under Stefan Seicarescu’s independent leadership over the past decade has been exciting to