News

Tivola Publishing Sells Majority Stake and Receives Cash Infusion

Tivola Publishing Sells Majority Stake and Receives Cash Infusion

Swedish games developer Three Gates has acquired the majority of shares in Tivola Games. Tivola Games is a spin-off from Tivola Publishing GmbH, which in the process becomes a holding company and will continue manage all old rights from the DVD, PC game and book business, while all mobile games development, rights and personnel will move to Tivola Games. The managing director of Tivola Games is Hendrik Peeters, who has previously lead Tivola Publishing.

The aim of the new collaboration is to drive the evolution of Tivola, which in its 25-year history has successfully transformed from a publisher of children’s games for PC and console to a developer and publisher of mobile games for animal lovers. Tivola has been advised by industry veteran Harald Riegler who also has consulted the company over the course of a year.

Don Geyer, CEO of Three Gates, says: “We see significant synergies between the two organizations – our strengths complement each other perfectly. We look forward to working together building the portfolio of games and strengthening the brands!”

Hendrik Peeters, Managing Director of Tivola Games, adds: “Don and his team are our preferred partners – they understand our market segment perfectly and also fit us well culturally. We are confident that 1 plus 1 in this case equals 3 and that both companies will benefit significantly from the merger.”

Tivola is currently developing two new games internally. The focus will continue to be on in-house development; but there will also be publishing projects with external partners. The team receives support from Matthew Wilson, investor and board member at Three Gates, and former shareholder and manager at Rovio (‘Angry Birds’) who will primarily be responsible for joint projects between the two companies.

About Tivola

Founded in 1995, Tivola is an award-winning international publisher and developer of mobile games based in Hamburg. We’re focused on apps with animals. In our games, players care for cats, train dogs, ride horses. Even dance with a hippo. For more information, please visit: www.tivola.de

About Three Gates

Three Gates AB is a publicly listed game development company based on the island of Gotland, off the east coast of Sweden. Founded in 2011, Three Gates is a team of experienced professionals, all gathered in a unique location with an unwavering drive and passion for the video game sector. With an experienced executive management team and a global network of partners, the company is focused on developing, acquiring and managing quality game products that deliver value to their customers. For more information, please visit: www.threegates.se  

Don’t forget to share this post