Nexters invests $100 million into acquiring three gaming companies
We are excited to announce our first acquisition and investment deals as a publicly traded company! Today, we greet Cubic Games, RJ Games and Royal Ark as partners and a part of the Nexters family. In total, we will invest around $100 million into these deals.
With these deals, we lay the groundwork of our consolidation mission and plan to accelerate our product growth strategy. With the games from the studios, we expect to enlarge Nexters player base, enter new genres, and significantly cement our presence in midcore as the leading segment of mobile gaming.
- Published by Cubic Games, Pixel Gun 3D is the world’s No. 3 mobile first-person shooter by monthly audience with more than 170 mln of cumulative downloads.
- Puzzle Breakers by RJ Games will provide an opportunity to gain a significant position in the sizable segment of the puzzle RPG genre thanks to the game’s high-quality art and engaging core gameplay.
- Royal Ark’s survival RPG titles Dawn of Zombies and Shelter Wars (developed by Game Gears team) will diversify Nexters’ portfolio with games in a growing zombie setting and contribute to accumulating expertise in new genres and niches for the company.
Hundreds of talented game creators, backed by veteran founders and managers, will join Nexters, thus enabling substantial scaling potential within our whole group. The Nexters integration team plans to help these studios to adjust their strategy for further growth by sharing our knowledge in development, monetization, marketing and other areas. Thanks to this, we expect studios to increase their bookings by more than three times, which would result in around $130 million added to the group’s annual bookings in 2024.
“We are excited to announce the inaugural M&A deals of Nexters as a public company, showing proof of our ambition to consolidate the gaming industry in the Russian-speaking region,” says Andrey Fadeev, CEO and co-founder of Nexters. “We believe these deals, combined, are one of the largest gaming M&A transactions in the region, and will create a strong foundation for further consolidation.
There are hundreds of gaming studios with origins from Russia, Ukraine, Belarus and other parts of Eastern Europe. This region has always been famous for its talent, passion and capability to influence the global gaming industry. We have a lot in common and we all create great games, played and adored by millions of people all over the world.
I warmly welcome the teams to the Nexters family and I sincerely believe we will see more like-minded companies joining us in the future to hit the road together.”
The acquisitions are expected to be completed in Q1 2022.
To learn more, please refer to our official press release.