Introduction to the Acquisition
Paradox Interactive AB (Paradox) has recently made a significant move by signing a binding agreement to acquire all shares of Haemimont Games AD (Haemimont Games). This strategic acquisition aims to enhance Paradox’s focus on growth within the management games genre, promoting the establishment of a robust internal capability that aligns seamlessly with its existing studio organization.
Statements from Leadership
Fredrik Wester, CEO of Paradox, expressed excitement about welcoming Haemimont Games to the family. He commented, “They bring a tight-knit team with long experience in developing management games, with many well-received projects in their portfolio.” Wester emphasized the studio’s strong creative capacity and unique technology developed for their niche, alongside a new intellectual property (IP) currently in development.
The Future of Haemimont Games
Following the acquisition, Haemimont Games will function as a wholly-owned subsidiary of Paradox. The studio’s leadership and team will continue their active roles, ensuring that current projects remain in progress. Gabriel Dobrev, founder of Haemimont Games, shared his enthusiasm stating, “The cultural fit between our companies is remarkable, and we already feel at home.” He highlighted the potential to explore new horizons through this partnership, promising exciting upcoming titles for players.
This acquisition, funded through cash on hand, is poised to enhance the development landscape of management games, with Paradox ensuring that Haemimont Games can thrive under new ownership.
