Virtuos acquires Kyiv-based Volmi Games

Date Type Companies involved Size
January 27th, 2022 acquisition Virtuos Not disclosed
Virtuos acquires Kyiv-based Volmi Games

Singapore based games firm Virtuos has snapped up Ukrainian studio Volmi.

No figure has been placed on the deal, which sees the 2D and 3D art production studio of 140 members of staff come under the Virtuous banner. Volmi was set up back in 2016 and has worked on the likes of Diablo 2: Resurrected, Metro Exodus and Sniper: Ghost Warrior Contracts 2. Volmi will be rebranded Volmi – A Virtuos Studio.

“Joining Virtuos is a natural next step in Volmi’s growth journey," Volmi general director Vladimir Loban said.

"Supported by Virtuos’ global portfolio of AAA projects, end-to-end art production and full-stack game development solutions, we are confident of accelerating Volmi’s growth and moving up the value chain to provide even better content for our clients.”

Virtuos CEO Gilles Langourieux added: “We’re kicking off the new year on a high by welcoming another passionate team to the Virtuos family. What Volmi has achieved in the five years since its inception is truly remarkable. We are excited to leverage the team’s deep art production expertise and high growth potential to ensure our continued success. Looking forward to working with and growing alongside Volmi, as we expand our capabilities together as a team.”

This is the latest move in an expansion strategy by Virtuos; the firm recently set up a new studio in Lyon, France and snapped up Montreal's CounterPunch Studios.

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Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.