PRESS RELEASE: NACON ANNOUNCES THE 100% ACQUISITION OF ISHTAR GAMES AND THE CREATION OF A LABEL FOR INDEPENDENT GAMES
October 07 2021 - 12:00PM
PRESS RELEASE: NACON ANNOUNCES THE 100% ACQUISITION OF ISHTAR GAMES
AND THE CREATION OF A LABEL FOR INDEPENDENT GAMES
Press release
Lesquin, 7 October 2021, 18:00hrs
NACON ANNOUNCES THE
100% ACQUISITION OF ISHTAR
GAMES
AND THE
CREATION OF A LABEL FOR INDEPENDENT GAMES
New talents join NACON’s creative team now
including 14 studios and strengthen the company's expertise in the
production of innovative games.
NACON announces that it has finalized the
signature of an acquisition agreement for 100% of the Ishtar Games
studio. This transaction will be accompanied by the creation of the
Ishtar label in order to develop the creation and marketing of
high-potential "independent" games.
This label will be managed by the Ishtar Games
team, whose know-how in this segment has been widely demonstrated
through their previous games: Dead in Bermuda, Dead in Vinland and
the recent The Last Spell achieving critical acclaim and commercial
success, a tactical RPG roguelike title released in Early Access on
Steam (91% positive reviews) on June 3, 2021, which has already
sold more than 150,000 copies.
Ishtar Games' teams will have the task of
developing new indie nuggets through deep and innovative universes
and gameplay, such as their upcoming title Lakeburg Legacies
announced at E3, as well as signing partnerships with various
independent studios in order to develop and promote a large
catalogue of games.
Ishtar Games will thus keep its editorial
independence, while benefiting from the support of NACON for the
marketing of these titles. Matthieu Richez, senior executive,
co-founder of the studio and Creative Director, will continue to
lead the team, composed of around thirty collaborators based in
Lille and Bordeaux, and to bring his vision and expertise in the
creation of games with innovative concepts. He will be supported by
his historical partners who have followed him for the last sixteen
years, Frédéric Forest on the commercial side and Christophe Gey on
the creation of universes.
"This acquisition and the creation of the label
demonstrate NACON's ambition and desire to offer high quality games
developed by and for gamers. The Ishtar Games team will allow us to
progress in the independent games segment" says Mr. Alain Falc,
Chairman and CEO of NACON.
"This new adventure gives a boost to the
strategy we put in place five years ago. We are all the more
enthusiastic as it is a logical evolution, in the continuity of our
know-how" says Matthieu Richez, President and co-founder of Ishtar
Games. "The confidence that NACON places in us to carry out this
both ambitious and disruptive approach of creating a label of
independent games supporting our values is the guarantee of an
intelligent and motivating collaboration for our teams. We will
finally have the means to fully express our creativity and aim for
excellence, to the delight of our players. "
This new external growth transaction will not only support the
2023 plan, but also develop the independent games segment within
the NACON group.
Final completion of the transaction remains
subject to usual conditions precedent being met.
NACON's "Video Games" unit will thus have 14 development sites
(9 in France, 1 in Belgium, 1 in Italy, 2 in Canada and 1 in
Australia) with a total of over 600 developers, supported by a
70-person publishing team.
Upcoming
events:Q2 2021/22
sales: 25 October 2021, Press release after close of the
Paris stock exchange
* * *
ABOUT
NACON |
2020-21
ANNUAL SALES177.8
M€ HEADCOUNTOver 700
employees INTERNATIONAL20 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 14 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 |
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