Paradox Interactive acquires Triumph Studios
World-renowned strategy game developer, creators of Age of Wonders-series, joins Paradox Interactive.
STOCKHOLM — June 30, 2017 — Paradox Interactive is pleased to announce it has acquired game developer Triumph Studios and all its assets for a total cash consideration of €4 million, plus a performance-based earnout of up to €21 million, to be paid out over several years.
Triumph Studios, based in Delft, The Netherlands, are the creators of the critically-acclaimed Age of Wonders and Overlord-series. Founded in 1997, the studio is known as one of the top-tier strategy game developers worldwide. The Age of Wonders-series has sold in excess of one million copies to date.
Following the acquisition, the current team and management will all remain with the studio. All ongoing projects will remain in development, and will be published by Paradox Interactive.
The acquisition will add several well-known brands to the Paradox Interactive IP portfolio. It will increase Paradox market reach as well as in-house development capacity for upcoming games.
“Triumph Studios is a developer of our own heart. They are world-leading within their niche and have built a large and dedicated community over the years, counting quite a few Paradox employees among their hardcore fans. We have great faith in the Triumph team and leadership, and our main focus now is to ensure that they can continue to create their magic under new ownership,” said Fredrik Wester, CEO at Paradox Interactive.
Paradox and Triumph will host a live stream and Q&A about the acquisition on Friday, June 30 at 4PM CEST. Tune in at twitch.tv/paradoxinteractive.
For additional information, please contact:
Daniel Goldberg, communications manager, Paradox Interactive
Email: pr@paradoxplaza.com
Phone: +4670-482 58 84
Andras Vajlok, CFO Paradox Interactive
Email: ir@paradoxplaza.com
Phone: +4670-355 54 89
This information is information that Paradox Interactive AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication on June 30, 2017.
About Paradox Interactive
The Paradox Interactive group includes publishing and internal development of games and licensing of White Wolf’s brands. The publishing operation publishes both internally developed titles and titles developed by independent studios as well as music and books. The game portfolio includes more than 90 titles and Paradox Interactive owns the most important brands, including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Tyranny and Magicka. From the start over ten years ago, the company has published its games all over the world, initially through physical distribution using partners, but beginning in 2006 has primarily distributed digitally using its own publishing arm. The development platform is primarily PC, but the company has released games on console and mobile platforms as well. The largest markets today include the US, UK, Germany, France, Russia and Scandinavia. Today, close to 1.5 million gamers play a Paradox game each month and the number of Paradox registered users exceeds six million.
Paradox Interactive AB (publ)’s shares are listed on Nasdaq Stockholm First North Premier under ticker PDX. Avanza Bank is the company’s Certified Adviser. For more information, please visit www.paradoxinteractive.com.