Nordisk Games acquires 100% of the Danish games studio having previously acquired a minority stake back in 2017
Copenhagen-based Nordisk Games has acquired the Danish games studio Flashbulb Games, having previously invested 16.5 million DKK in the studio for a 43% stake. Depending on the studio’s financial performance in the coming years, the 100% acquisition price can amount to several hundred million DKK.
”Flashbulb is a studio packed with talented and experienced developers, who understand and enjoy the challenge of creating really unique games and turning them into commercial success. Having collaborated really well for the past five years we were keen to increase our involvement, which led to the discussion with the founders to acquire 100% of the studio. We now very much look forward to continuing to work together for many years to come,” said Martin Walfisz, Senior Partner at Nordisk Games and chairman of Flashbulb Games.
Flashbulb Games are best known as the creators of Trailmakers, an innovative open-world physics-based game where players can build vehicles through a simple drag and drop system and use them to explore and compete. Its latest game, Rubber Bandits, is a cross-platform multiplayer party game launching on Xbox, Playstation and Steam on December the 2nd. The studio was founded in 2016 by Rune Dittmer, Ole Teglbjærg, Mikkel Thorsted and Lasse Outzen, who had previously worked together at Press Play.
“Nordisk Games were the first to invest in us not long after we founded the studio, and they have always been super-supportive while at the same time being happy to let us dictate the direction of the business. In a way, becoming a full part of Nordisk Games will be no different to our experiences of working with Martin and Sofie on the board, and the rest of the Nordisk Games team. You could say that we have been dating for the last few years, and now we are finally getting married,” said Rune Dittmer, Managing Partner & Co-Founder at Flashbulb Games.
Nordisk Games is owned by the entertainment company Nordisk Film, which is a part of Egmont, a leading Nordic media group. In recent years Nordisk Games has built a high growth portfolio of minority and majority-owned game studios that includes Avalanche Studios Group, Supermassive Games, Star Stable Entertainment and MercurySteam. To date, Nordisk Games has invested more than €200 million in games studios based across Europe, with more than 1,100 talented employees.