informa
/
Business
News

MechWarrior developer Piranha Games acquired by EG7 for $24.2 million

MechWarrior developer Piranha Games has been acquired by Enad Global 7 (EG7) for an initial SEK 207 million ($24.2 million).

MechWarrior developer Piranha Games has been acquired by Enad Global 7 (EG7) for an initial SEK 207 million ($24.2 million). 

The deal will see EG7 hand over SEK 138.9 million ($16.2 million) in cash and SEK 68.9 million ($8 million) in newly issued shares. An earn-out consideration could also result in the company paying out an extra CAD 63.4 million ($63.4 million) if Piranha meets certain financial performance targets. 

For those unfamiliar with either name, EG7 is a Swedish video game cooprative that develops, markets, publishes, and distributes PC, console, and mobile titles around the world. It's the parent company of publisher and distributor Sold Out, and also owns a number of studios including Antimatter Games and Toadman Studios. 

Piranha, meanwhile, is based in Canada and is the developer behind MechWarrior Online and MechWarrior 5: Mercenaries. It has previously worked on other franchises including Medal of Honor and Need for Speed, creating handheld entries for both series for the PSP. 

EG7 explained that Piranha will continue to operate as an independent studio moving forward, and will "significantly strengthen" its development capacity in Canada. The company added that it will collaborate with Piranha on "future joint projects" that combine the studio's knowledge of PC and console game development with its own publishing and marketing expertise. It also views the MechWarrior franchise as a key asset.

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more