PRESS RELEASE: NACON ANNOUNCES THE ACQUISITION OF PASSTECH GAMES
April 01 2021 - 11:45AM
PRESS RELEASE: NACON ANNOUNCES THE ACQUISITION OF PASSTECH GAMES
Nacon
Press release
Lesquin, 1st April 2021, 18:00 hrs
NACON ANNOUNCES THE ACQUISITION OF
PASSTECH GAMES, A VIDEO GAME DEVELOPMENT STUDIO BASED IN LYONS,
FRANCE, AND THE CREATOR OF THE GAMING HIT "CURSE OF THE DEAD GODS
®" (1)
After the acquisition of 10 studios over the last
3 years, this new transaction allows Nacon to consolidate its
position as a developer-publisher by strengthening its expertise in
the production of quality games.
Nacon announces the signing of an agreeement to
acquire 100% of Passtech Games. This transaction allows Nacon to
support the remarkable know-how of the team of developers
specialised in the creation of rogue-like action games. The
acquisition of the Passtech studio contributes to reinforcing
Nacon's editorial positioning in the very promising niche of games
for the most committed gamers, both on PC and consoles.
Sylvain Passot, CEO and founder of the studio,
will continue to lead the Passtech team with a high degree of
autonomy in order to focus on the creative aspect of its
productions, while benefiting from the commercial, editorial and
marketing support of Nacon's teams.
Created in 2012, Passtech has built its
experience by developing several games (Space Run, Space Run
Galaxy, Masters of Anima) on different platforms before
specialising in rogue-like action games with Curse of the Dead Gods
®, recently released and which is a huge success both critically
and commercially.
"This acquisition illustrates Nacon's strategy
to increase its know-how in the development of video games for the
most committed gamers. We are delighted to welcome the talents of
Passtech, whose creativity will strengthen our editorial line,"
said Alain Falc, Chairman and CEO of Nacon.
"We are delighted to join Nacon, whose energy
and enthusiasm for our projects we appreciate. This is a great
opportunity to continue our development, alongside the company's
other quality studios, and to offer ever more original games," said
Sylvain Passot, CEO and founder of Passtech Games.
This new external growth is perfectly in line
with the NACON 2023 plan, which aims to make Nacon one of the
reference leaders in 'AA' video games.
Nacon's "Video Games" unit will thus have 11
development sites (7 in France, 1 in Belgium, 1 in Italy, 1 in
Canada and 1 in Australia) with a total of ca. 500 developers,
supported by a 60-strong Publishing team.
(1) The Curse of the Dead Gods brand is owned by
Focus Home Interactive.
Next event:
Q4 2020/21 sales: 26 April 2021, after
close of the Paris Stock exchange
ABOUT NACON
|
2019-20 ANNUAL SALES129.4 M€
HEADCOUNTOver 600 employees
INTERNATIONAL16 subsidiaries and a distribution
network across 100
countrieshttps://corporate.nacongaming.com/ |
NACON is a company of the BIGBEN Group founded in 2019 to
optimize its know-how through strong synergies in the video game
market. By bringing together its 10 development studios, the
publishing of AA video games, the design and distribution of
premium gaming devices, NACON focuses 30 years of expertise at the
service of players. This new unified business unit strengthens
NACON's position in the market, enables it to innovate by creating
new unique competitive advantages. Company listed on
Euronext Paris, compartment B ISIN : FR0013482791 ;
Reuters : NACON.PA ; Bloomberg : NACON:FP
PRESS CONTACTCap Value – Gilles Broquelet
gbroquelet@capvalue.fr - +33 1 80 81 50 01 |
- PR Nacon_Acquisition_Passtech Diffusion English
Nacon (EU:NACON)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nacon (EU:NACON)
Historical Stock Chart
From Sep 2023 to Sep 2024