10tacle takes over The Games Company
Developer working on releases for Wii, PC, 360
10tacle Studios has taken over Berlin-based development and marketing firm The Games Company Worldwide.
The acqusition was made through a stock swap of 454,545 shares of 10tacle, issued at 11 Euros per share, with the value of The Games Company estimated at five million Euros.
The takeover helps 10tacle further expand its development capacities in the area of casual gaming and secures access to a comprehensive 2008-2009 line-up featuring releases for platforms such as the Xbox 360, Nintendo Wii and PC.
"With their comprehensive line-up and their pool of high-quality license themes from the TV, movie and entertainment sectors, The Games Company represents a first-class addition to our existing business portfolio," said 10tacle CEO Michele Pes.
"Markus Malti, Carsten Strehse and the entire TGC team have delivered first-class work over the last few months, work that we will now continue together. I look forward to the up-coming projects and the continued expansion of our development competence within the concern."
"We are incredibly pleased to be part of such a renowned and successful firm and look forward to playing an active role in the continued success of the 10tacle Studios," Malti and Strehse said in a joint statement.
The Games Company was created in 2006 from a merger of German development studio Silver Style Entertainment and a group of developers centered around co-founder Markus Malti. It is an international developer and marketer of PC and console videogames.
Silver Style Entertainment is known for games such as Soldiers of Anarchy, The Fall â" Last Days of Gaia, and Simon the Sorcerer: Chaos Happens, which was awarded the German Developer Award 2007 for the best children's game.
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