“We have a deep appreciation for 3D Realms’ heritage and look forward to seeing them enter a new era and thrive,” says Andrey Iones, CCO, Co-founder Saber Interactive.
Background and rationale
The history tracks back to 1987 in Texas, USA, where the company was originally founded as Apogee Software, focused on developing PC games. The studio rebranded in 1994 to 3D Realms and has been involved in the development of +40 games including the creation of the legendary Duke Nukem franchise. In 2014, the Danish company SDN Invest acquired 3D Realms and since then 3D Realms has been led by CEO Mike Nielsen and VP Frederik Schreiber, currently engaging a team of 7 employees and a few additional contractors. Since 2014, following a relocation to Aalborg, Denmark and a strategic shift towards publishing, 3D Realms has published six new game titles in collaboration with respected independent developers for both PC and console. The studio has a current pipeline of six new game titles and several exciting projects in collaboration with Slipgate Ironworks.
Through the acquisition, Saber onboards a connected, experienced publisher with a long background in games development. Going forward, 3D Realms will continue to operate as a subsidiary under Saber and work closely with the Saber team on publishing projects.
As part of the acquisition, CEO Mike Nielsen will step down and Frederik Schreiber will assume the role of CEO. Mike Nielsen will remain attached as an advisor.
“We are extremely honored to join the Embracer and Saber family. I know that under their guidance, 3D Realms will continue to grow on the path we have set out. I am very proud to have been a part of 3D Realms and I’m happy to pass on the torch to Frederik Schreiber who has run the company and built it to what it is today”, says Mike Nielsen, Co-founder and ex-CEO 3D Realms.
Purchase Price
The parties have agreed not to disclose the terms. The purchase price contains an upfront part and a 3-year earn-out and consists of a mix of cash and newly issued Embracer B shares. The transaction is in line with previous Embracer transactions.
Completion of the transaction
The transaction was completed as of 15 July 2021.
Advisers
Ernst & Young AB is providing transaction support and Baker McKenzie and Mazanti-Andersen is acting as legal counsel to Embracer in the transaction.
For additional information, please contact:
Lars Wingefors, Co-founder and Group CEO of Embracer Group AB
Tel: +46 708 47 19 78
E-mail: lars.wingefors@embracer.com
Andrey Iones, Co-founder and CCO of Saber Interactive
E-mail: iones@saber3d.com
Frederik Schreiber, CEO of 3D Realms
E-mail: freds@3drealms.com
About Embracer Group
Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. The Group has an extensive catalogue of over 240 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency, World War Z and Borderlands, amongst many others.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its eight operative groups: THQ Nordic GmbH, Koch Media GmbH/Deep Silver, Coffee Stain AB, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment and Easybrain. The Group has 69 internal game development studios and is engaging more than 7,000 employees and contracted employees in more than 40 countries.
Embracer Group’s shares are publicly listed on Nasdaq First North Growth Market Stockholm under the ticker EMBRAC B with FNCA Sweden AB as its Certified Adviser; info@fnca.se +46-8-528 00 399.
Subscribe to press releases and financial information: https://embracer.com/investors/subscription/
For more information, please visit: https://www.embracer.com
Webcast presentation for investors, analysts and media
Representatives from Embracer Group and 3D Realms will participate in a webcast presentation today at 09.00 CET. Invitation and details for participation will be sent out by a separate press release.
[1] Acquired through Embracer's wholly owned subsidiary Embracer Group Lager 2 AB and will be part of the Saber Interactive group.
Embracer Group is a global group of creative and entrepreneurial businesses in PC/console, mobile and tabletop games and other related media. The Group has an extensive catalog of over 900 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its ten operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, DECA Games, Easybrain, Asmodee Group, Dark Horse Media, Freemode and Crystal Dynamics – Eidos. The Group has 103 internal game development studios and is engaging more than 10,000 employees in more than 40 countries.
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