November 30, 2021 6:30 pm EDT
The games distributor and publisher of Modus Games sells for $42 million
Zordix, the well-known Swedish gaming group, announced yesterday that it had completed the necessary paperwork to acquire Maximum Games for $42 million upfront in cash and stock and an estimated earn-out of $30 million in cash and shares. Maximum Games is a full-service video game distributor and publisher. It currently has over 300 titles in its lineup, not to mention that it also operates the independent publishing imprint Modus Games, as well as the Modus Studios development team in Brazil. Through a transaction like this. Zordix now has the ability to dramatically expand its resources, opening an important avenue for substantial global growth in the AA gaming space.
Maximum Games' founder and CEO Christina Seelye will now take on the role of COO at the group level. The company indicated that it still plans to enter into a number of commercial and creative partnerships in order to become the market leader in the AA area of game publishing. At the same time, each of the brands in its portfolio continues to grow and strengthen.
With just under 80 employees and different offices in Brazil, the UK and the US, Maximum Games has become one of the top 20 game companies in the world and already has more than a decade of experience. Modus Games, its publishing label, has successfully shipped 16 games in the three years since its inception across a variety of genres on mobile, PC, console, and cloud platforms, including Super Animal Royale, Cris Tales, and Trine 4.
"With Maximum Games on board, we are now equipped with an incredible infrastructure that has a history of proven success in all aspects of game publishing," said Matti Larsson, founder and CEO of Zordix. "The experience Maximum Games brings to the table enables us to scale tremendously, which of course means more exciting games on the horizon!"