Game company Embracer Group is still on a takeover path and is taking over Middle-earth Enterprises, among others. The company is also buying four other studios. This includes the developers of voxel game Teardown and survival shooter Killing Floor.
Embracer indicates that it has entered into an agreement to to acquire Middle-earth Enterprises. This will give Embracer a large catalog of intellectual property of films, games, board games, merchandise and amusement parks related to The Lord of the Rings trilogy and JRR Tolkien’s book The Hobbit.
Embracer Group also reports that it has acquired 100 percent of the shares of Tuxedo Labs has acquired, the studio behind Teardown. That game is best known for its own physics engine that can destroy everything in the game world. In addition, the company has entered into an agreement for the acquisition of 100 percent of the shares of Tripwire Interactive, the studio behind Killing Floor, the Rising Storm series and shark game Maneater. These acquisitions are made through Embracer’s subsidiary Saber Interactive.
Embracer wants to through a newly established part called Embracer Freemode make some other acquisitions: Limited Run Games and Singtrix. The latter is working on voice processing technology. The game company reports that it is also working on take over another company in the PC and console game sector. Embracer says it is not allowed to say anything about this for commercial reasons, but does report that the acquisition price is approximately at the level of the fourth-largest acquisitions.
Since the beginning of this year, Embracer is the largest European game company. The company overtook Ubisoft with the multi-billion dollar acquisition of board game maker Asmodee. Embracer was previously known as THQ Nordic. The company has made a large number of acquisitions in recent years and does not seem to stop doing so for the time being. At the end of last year, the company said it wanted to acquire dozens of game companies.