2K Acquires Two Studios: Elite3D & Turia Games

2k acquires Elite3D for 31st union

Leading game developer and publisher 2K announced it had acquired two studios in Valencia, Spain — Elite3D and Turia Games, co-owned by Elite3D founders. The financial terms of the deals were not disclosed.

Elite3D is regarded as one of the leading studios specializing in 2D and 3D artwork for the video games industry. Elite3D has been crucial in developing hit titles such as Call of Duty: Black Ops – Cold War, Monster Hunter World: Iceborne, and PUBG.

Michael Condrey, President at 31st Union, commented: “31st Union is built on a culture that champions inclusivity, talented individuals, and exceptional character. Diverse perspectives and experiences are a cornerstone to our growth as a team. Given our ambitions and the scope of our game, welcoming aboard an incredible team like elite3d was an unbelievable opportunity. We are honored to welcome Oscar, Jose, and everyone from elite3d into our development family and look forward to them enriching our studio and achieving our game aspirations.”

Oscar Ferrero and Jose Luis Queral founded Elite3D in 2005. Since its formation, 2K has partnered with the artworks studio to develop Motocross Mania 3 for the PlayStation 2. Recently, the two companies collaborated on Mafia 3.

“Elite3D has made a significant impact on our industry by helping many developers and publishers bring their games to life through best-in-class passion and creativity,” said 2K President David Ismailer. “The team’s work style and employee culture are also a great complement to our vision and values. We look forward to seeing our new colleagues contribute to the progress made to date by 31st Union and play a key role in the growth and development of global services for our current and future games.”

As per the terms of the acquisition, the Elite3D team will split into two separate divisions. First, Elite3D will be rebranded and become the second office for 31st Union led by Michael Condrey. 31st Union is currently working on a yet-to-be-named game. Second, the team will form a new 2K Publishing location to support 2K’s Global Services division.

Ferrero and Queral said in a statement: “We are immensely proud of building a team that is now at the forefront of our creative expertise while seeing our initial dream become a reality. We believe strongly in 2K’s vision, people, and products, and we can’t wait to take this incredible next step in our collective journey as employees of both 2K and 31st Union.”

31st Union is seeking more team members in Valencia and San Mateo, while Global Services is looking to hire individuals from all of its offices.

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