Embracer Group acquires Saber Interactive of World War Z & The Witcher 3 on Switch fame

The rapid expansion of Embracer Group continues, as they’ve announced the acquisition of Saber Interactive, the developers of last year’s hit co-op zombie shooter World War Z, and accomplished porting house behind The Witcher 3 and Vampyr for Switch, and much more besides.

Embracer Group might not be a name you’re familiar with, but that’s because it was rebranded in September 2019 from its former name THQ Nordic. It’s a holding company for several video game publishers and developers including THQ Nordic GmbH – the name change came to avoid confusion between the two – Koch Media and its subsidiary Deep Silver, and Coffee Stain Holding.

– ARTICLE CONTINUES BELOW –

With more than 600 employees across six offices, Saber Interactive has been bought for an initial $150 million USD, with up to $375 million if they meet certain milestones. They’ll become the fifth independently run subsidiary in Embracer Group with Saber Interactive co-founders and owners Matthew Karch and Andrew Iones becoming the group’s second largest shareholders.

“Saber has been on our radar for a very long time because of their deep history of consistently high-quality work. Their ambitious moves towards self-funding projects in recent years have been particularly impressive, especially with World War Z, which sold more than three million units. While Saber will remain a standalone company within Embracer Group, we look forward to collaborating with them to elevate their ability to createand market premier titles.”, says Lars Wingefors, Founder and CEO of Embracer Group.

“Over the course of 19 years as an independent developer, Saber has had its share of suitors. With EmbracerGroup, we’ve at last found the perfect partner. We could not be more thrilled to see through the many projects we’ve dreamed of together.” says Matthew Karch, Co-Founder and CEO of Saber Interactive.

The various arms of the company have been moving to snap up various different developers over the last few years. Since Koch Media as a whole was bought in February 2018, the group have acquired HandyGames, Coffee Stain Holding, Bugbear Entertainment, publisher 18Point2, Warhorse Studios (Kingdom Come: Deliverance), Piranha Bytes (Risen, Gothic), Milestone (MotoGP), Gunfire Games (Darksiders III), Tarsier Studios (Little Nightmares), and more. A whopping 17 companies have been consumed.

Source: press release

– PAGE CONTINUES BELOW –
Written by
I'm probably wearing toe shoes, and there's nothing you can do to stop me!