$1.3 billion {dollars} later and the corporate Embracer Group has introduced its merger plan and acquisition of Gearbox Leisure, the studio behind the Borderlands franchise.
Embracer is a Sweden-based firm that has fairly the listing of corporations beneath its umbrella with the most recent being that of Gearbox Leisure. The announcement was made official earlier this week with guarantees that this may solely imply good issues for the way forward for Gearbox.
“Lars’s imaginative and prescient of Embracer as an allied companion group dedicated to fueling and accelerating the ambitions of a sequence of decentralized, profitable entrepreneurial corporations whereas magnifying the collective worth and benefits of diversification throughout your entire group is essentially the most sensible technique and design for brief, medium, and long-term success on this trade that I’ve ever encountered in my 30 years on this trade,” stated Randy Pitchford, founding father of The Gearbox Leisure Firm, in a press statement. “The sensation at Gearbox is that we’re simply getting began and this transaction just isn’t merely a stimulant for the expertise of our employee-owned firm, however a propellent for the thrilling future we’ve got deliberate.”
The acquisition in place has each a right away scope of objectives to realize with the merge in addition to a long-term plan to proceed Gearbox’s growth and ongoing success. Embracer additionally talked about that this isn’t the final of acquisition bulletins, with extra expanded partnerships on the horizon. Embracer needs to enhance present manufacturers whereas additionally creating new ones. What which means for Gearbox in additional particular phrases stays to be seen right now.
“Gearbox is arguably one of the vital inventive and precious unbiased builders on the planet,” commented Lars Wingefors, founder and CEO of Embracer Group. “We consider that the sources supplied by Embracer will place Gearbox for important progress within the years to come back.”
Pitchford additionally confirmed that he’ll proceed on in his position as the head of the company and can work alongside these at Embracer to additional develop the studio’s success going into the longer term.
