Thunderful Group AB (“Thunderful” or the “Group”) acquires 100 percent of the British development studio Coatsink Software Ltd (“Coatsink”) for an upfront consideration of GBP 23 million plus an earn-out component potentially resulting in a maximal total consideration of GBP 65.5 million. Following the transaction co-founders and several key employees of Coatsink will become shareholders in Thunderful.
Gothenburg-based Thunderful Development AB, a part of Thunderful Group AB, opens a new office in Malmö. The game developer thereby increases both its capacity and its recruitment base.
Gothenburg-based Thunderful Group AB has acquired fourteen-man studio Guiding Rules Games AB.
Bergsala AB has been distributing Nintendo’s products throughout the Nordic countries since 1981, and is now joining forces with the game developer and publisher Thunderful AB as well as the distribution companies Amo Toys Nordic AB and Nordic Game Supply AB, to create the new Thunderful Group.