Game company Embracer completes multi-billion dollar acquisition of board game publisher Asmodee

Swedish game company Embracer has completed its acquisition of Asmodee. Embracer pays 2.75 billion euros for the French board game publisher. Asmodee becomes a part of Embracer and continues to make board games.

Embracer and Asmodee announced the acquisition plans in December last year, but the companies had yet to receive approval for the deal. All shareholders and regulatory authorities have now given the green light and the acquisition can be completed, Embracer writes.

Board game by Asmodee

Asmodee is a major publisher of board games, trading cards and digital board games. The publisher is known for titles such as Catan, Ticket to Ride, Pandemic, Dixit, 7 Wonders, Azul and Exploding Kittens. The French company sells 39 million games annually and has 22 studios under it, which together manage the intellectual property of 300 different titles. The company has 2300 employees.

With the acquisition, Embracer wants to strengthen its position in the game market. The Swedish game company sees board games as an addition to the digital games market. The acquisition makes Embracer the largest European game company. In recent years, the company, previously known as THQ Nordic AB, has made many acquisitions to grow. Asmodee will keep the current CEO and the working method will not change. The company will be the ninth business unit to fall under the Embracer Group.