Keywords Studios has made a $33.5 million deal to acquire Studio Gobo and subsidiary Electric Square.
Founded in 2011, Studio Gobo provides services in development, co-development, live operations, and porting. It has made contributions to games like For Honor and Disney Infinity. Studio Gobo employs 170 staff at three offices across Brighton and Hove.
The acquisition deal includes $13.5 million in cash, along with over 250,000 shares in Keywords. The rest of the deal is payable in either cash or shares. Studio Gobo will remain intact, under the direction of current CEO Tony Beckwith.
"As we look to build upon our strong foundations, Keywords leading position in the video games industry, its breadth of services and its geographical reach will provide us with a strong and broader platform from which to deliver our ambitious growth plans," said Beckwith.
Keywords CEO Andrew Day added: "The acquisition further expands the number of the world's leading game companies who use our development services.
"We look forward to working closely with Gobo's highly talented team to build upon their strong industry reputation and relationships with some of the world's leading games developers and publishers."