Zordix AB (publ) (“Zordix” or the “Company”) has entered into an agreement to acquire the US-based companies Maximum Games, Inc, and MG Team, Inc, including their respective subsidiaries in Brazil, UK, and Ireland (“Maximum”). The transaction is expected to close in December 2021.
Maximum is a full-service video game publisher and distributor with over 300 titles in its catalogue and operates independent publishing label Modus Games, as well as Modus Studios development team in Brazil. Maximum employs 78 people, has offices in the US, UK, and Brazil and has grown to a well-renowned player on the global gaming scene since its inception in 2009. Its publishing label, Modus Games, has successfully shipped 16 games in the three years since its inception in a variety of genres across PC, mobile, cloud and console platforms, including Super Animal Royale, Cris Tales, and Trine 4. During the period 1 January 2021 to 31 December 2021 Maximum is expected to generate revenues of approximately SEK 630 million and EBITDA of SEK 54 million.
Partnering with best-in-class game creators and franchises around the world (Kena: Bridge of Spirits, Among Us, Five Nights at Freddy’s), Maximum has delivered profitable results in its game publishing and distribution services by identifying unique market opportunities and executing strategically so that games reach their maximum potential audience. Its publishing business, comprising approximately 85% of the total revenue, is expected to achieve an annualized growth rate of 56% in the period 2019-2021.
Through the acquisition of Maximum, the combined Zordix Group’s pro-forma Q3 YTD 2021 revenues are SEK 743 million and EBITDA SEK 76 million.
“We are very proud and happy to welcome Christina and her amazing team to the Zordix family! With Maximum Games, we continue to strengthen our organization in all aspects of game development and publishing. We look forward to executing on our accelerated growth strategy together with new exciting games and high ambitions!”, comments Matti Larsson, CEO of Zordix.
“We are extremely honored to join Zordix and continue the evolution of both companies hand-in-hand. This move enables us to invest in more wholly owned IP, development studios, and the fostering of what we love most – awesome games.”, comments Christina Seelye, CEO and founder of Maximum Games and MG Team.
The transaction is expected to close in December 2021.
A presentation of Maximum Games and more information about the transaction is available via this link: https://zordix.com/wp-content/uploads/2021/11/Investor_presentation_-_Zordix_211129.pdf