Swedish game company Stillfront Group has purchased indie studio Everguild Limited to expand into the collectible card game (CCG) genre.
The deal will see Stillfront acquire 100 percent of the shares in Everguild for an upfront payment of £1.06 million ($1.37 million), comprised of £520,000 ($672,000) in cash and £540,000 ($698,000) worth of newly issued Stillfront shares.
Founded in 2014, Everguild is primarily known for developing CCG titles like Drakenlords and The Horus Heresy: Legions, the latter of which is based on the popular Warhammer 40,000 franchise.
“With the acquisition of Everguild, Stillfront enters the fast-growing CCG genre, further broadening our gaming audience and adding additional titles to our portfolio of role playing games,” commented Stillfront chief exec, Jorgen Larsson.
“Everguild is a small and agile studio active within an exciting and popular niche. Everguild’s successful game The Horus Heresy: Legions has substantial growth potential going forward, and the studio has a promising pipeline of new games.”
This isn’t the first time Stillfront has splashed the cash in 2020, with the company having also acquired casual game maker Candywriter for $74.4 million and mobile studio Nanobit for $100 million.