Brazil’s leading game development and art production company Room 8 Group, announced that it plans to acquire creative art outfit PUGA Studios.
Room 8, however, didn’t disclose the financial terms of the deal.
“PUGA joining Room 8 Group is another step forward in our ongoing global expansion, including offices, teams, and service offerings. We unite in one group of top-class complex art solutions and stylized art productions; it goes across all stages of creative game development, from early pre-production through post-production and into live ops”, said Sviatoslav Pohrebnoi, Room 8 Group Chairman.
The Gearbox Entertainment Company, the parent company of Gearbox Software, has announced that it will be acquiring independent game studio Lost Boys Interactive. Gearbox Entertainment is the developer and publisher of well-known franchises such as Borderlands.
With this acquisition, Room 8 will have access to new resources that will help it expand and grow in foreign markets.
Rodrigo Carneiro, PUGA Studios CEO, said, “We’re thrilled to expand our creative services through this cooperation with Room 8 Group. It’s more than just business and expansion; it’s about culture, the value of relationships, and building solid partnerships. These characteristics align with Room 8 Group. Joining forces will allow us to offer more in-depth solutions for a broader clientele as PUGA strives to develop on the visual of any creative industry standard.”
Room 8 has been working on its global expansion for several years now, and with the acquisition of PUGA, it is closer to reaching its goal.
Last month, the firm signed a deal to acquire art studio Massive Black and launched new offices in Spain, Poland, Romania, and Serbia in February.
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