The acquisition is part of the Group\u2019s strategy to become the main technical and creative services platform for the global video games industry.<\/p>\n\n\n\n
We are overjoyed to join an industry-leading global group such as Keywords Studios. We are tremendously excited they share our vision for augmenting our development capabilities and they will provide us the ability to embark upon a growth trajectory for our business creating the next generation of AAA games.<\/p>Kerry Ganofsky, HVS’ founder and majority shareholder<\/cite><\/blockquote>\n\n\n\n
Game services provider Keywords Studios has agreed a deal to buy games development services provider High Voltage for up to $50 million. Founded in 1993 by majority shareholder, Kerry Ganofsky, who will continue leading the studio within Keywords Studios, High Voltage is an end-to-end, full-service, AAA game developer based near Chicago, Illinois, with a subsidiary studio in New Orleans, Louisiana. Among its credits are Fortnite, Saints Row, Mortal Kombat, Hunter the Reckoning, The Conduit, and Lego Racers.<\/p>\n\n\n\n
The terms of the acquisition will see Keywords Studios pay an initial consideration of $23.75 million in cash and the equivalent of $9.75 million in new ordinary shares, plus a deferred consideration of up to $16.5 million if performance targets are met by 31 December 2021. High Voltage is expected to generate earnings before interest, tax, depreciation and amortisation of $9 million in 2021. Keywords has made a number of key acquisition in the past couple of years, including Gnet Media last month and games development services company Heavy Iron Studios in September.<\/p>\n","protected":false},"excerpt":{"rendered":"
The acquisition is part of the Group\u2019s strategy to become the main technical and creative services platform for the global video games industry. We are overjoyed to join an industry-leading global group such as Keywords Studios. We are tremendously excited they share our vision for augmenting our development capabilities and they will provide us the […]<\/p>\n","protected":false},"author":13,"featured_media":2636,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t