Thunderful Games announced that it had acquired Spanish console and PC game developer Stage Clear Studios. The deal is reported to reach $2.9 million (€2.5 million).
“This deal strengthens our international position, broadens our network towards more development studios and creates synergies within the group’s publishing operations,” said Agostino Simonetta, the chief strategy and investment officer at Thunderful Games. “We welcome our new co-workers in Madrid, who will work closely with their colleagues in the Nordics, UK and Germany.”
The publisher will pay $712,000 (€600,000) in cash and $474,643 (€400,000) worth of shares. Thunderful also agreed to pay an additional $1.7 million (€1.5 million) if Stage Clear Studios’ meets certain performance goals by June 30, 2025.
“The acquisition of Stage Clear Studios is fully in line with our strategy to grow our games segment and the group as a whole. Stage Clear are versatile: they’ve shown over the years that they can develop, improve and port ongoing projects, but they’re also working on interesting game projects of their own,” commented Brjann Sigurgeirsson, CEO of Thunderful. “The acquisition strengthens our international position, broadens our network towards more development studios and creates synergies within the group’s development and publishing operations.”
Thunderful nabbed Stage Clear Studios to expand its network of game developers, bolster its internal development capabilities, and seek new gaming opportunities by expanding internationally.
Following the deal, Stage Clear will remain an independent developer under Thunderful Games.
Stage Clear Studios co-develops games like The Coma: Recut and Yesterday Origins for consoles and mobile devices. Founded in 2012, the company also publishes titles across several platforms.