Irish games firm Keywords has added another company to its portfolio.
The organisation has just shelled out a cool £3m for Cheshire-based game studio d3t. The firm has worked on franchises including The Witcher, Killzone, Super Stardust and The Escapists.
The deal is formed of £2.4m in cash, with 42,368 new ordinary shares being issued in Keywords.
“The acquisition of d3t complements our recent acquisition GameSim’s capabilities to extend the services, scale and geographical presence of our Engineering offering,” Giacomo Duranit, Keywords COO said.
“With increasing demand in the video games industry for reliable, high-quality outsourced software engineering services, we are building a strong offering to support our clients globally.”
d3t founder Jamie Campbell added: “We are delighted to be joining the Keywords Group. d3t was founded with the sole aim of being an invaluable external development partner to the games industry and other interactive sectors. Over the course of six years we have become leaders in the field of high-value engineering offering a professional, wide ranging service.
We feel there is a great deal of synergy with Keywords’ strategy to be the very best technical service provider to the video games industry, and we look forward to our continued expansion as part of the Group.”
After being founded in 1998, Keywords Studios now boasts 36 studios across the world. The firm floated back in 2013 with a market cap of £49.2m. Today, its market cap is £780.75m.
