gamigo AG acquires entertainment platform Looki with around 30 million user accounts
– Number of user accounts at gamigo rises to over 65 million
– Portfolio expansion through acquisition of additional internationally successful online games
– Stake in Infernum Games GmbH increased from 50 to 100 percent
Hamburg, 12 October 2015. gamigo AG (“gamigo,” bond ISIN: DE000A1TNJY0), a leading player in the fast growing games market in Europe and North America, today announced that it is expanding its platform further by acquiring 100 percent of Looki Publishing GmbH based in Münster/Germany. Looki Publishing GmbH operates leading international entertainment platforms and is a leading independent publisher of internationally successful online games. By acquiring Looki, gamigo takes over several successful online games, boosts the number of user accounts on its platform to more than 65 million and expands its business activities to the Arab region and South America.
The seller of Looki Publishing GmbH is next idea GmbH. Looki’s offices in Münster will be retained and expanded. Both parties agreed to maintain confidentiality regarding the purchase price. In the course of the Looki acquisition, next idea GmbH becomes a shareholder of gamigo AG.
Looki Publishing GmbH was established in 2011 and its portfolio includes titles such as Empire Universe and Desert Operations, which are among the most popular online games internationally. Both the entertainment platform and its games were localized in 22 languages.
Remco Westermann, CEO of gamigo AG, said: “With Looki, we are not only expanding our platform to include millions of new users and additional popular multiplayer games, we are also acquiring an internationally successful entertainment platform. Looki will help us press ahead with gamigo’s platform strategy, especially internationally. ”
Andreas Planer, Managing Director of Looki Publishing GmbH, commented: “The foreign market Looki focuses on offers scaling options for the entire gamigo game portfolio. Furthermore, Looki will be able to sustainably expand its market position in Germany, Austria and Switzerland. Given these excellent synergies, I look forward to continuing and expanding Looki’s business operations within the gamigo Group.”
Parallel to acquiring Looki Publishing GmbH, gamigo increased its stake in the Berlin-based gaming company Infernum Games GmbH from 50 to 100 percent. Infernum has around 6 million registered user accounts and owns several internationally successful online games. In June 2015, gamigo and next idea GmbH each had acquired a 50 percent interest in Infernum Productions AG by means of an asset deal (see corporate news release dated 1 July 2015). gamigo AG is planning further acquisitions as well.
About the gamigo corporation
The gamigo group is one of the leading gaming companies in Europe and North America. gamigo was one of the first few companies to discover the booming market segment of online games, and published the first MMOG that was completely localized into German as early as 2000. Over 100 staff members in Hamburg, Berlin (Germany), San Francisco, Chicago (USA), Seoul (Korea) and Kaliningrad (Russia) are in charge of managing the platform (including Gaming as a Service and gaming portals) and the publishing of free-to-play mobile and online games. Fiesta Online and Last Chaos are just two examples of gamigo’s very successful multiplayer online role-playing game titles with a long-standing and loyal customer base. At the same time, the existing portfolio of games is constantly expanded with new titles, such as the recent additions Vicky Online and Kings and Legends. The gamigo group has a total of more than 65 million registered user accounts worldwide. In addition to online multiplayer games, gamigo is also stepping up investments in mobile games, including games such as Dino Empire and the cross-platform game The Rats Online. In addition to organic growth, gamigo group also strives to grow its business through the acquisition of companies specializing in games, IT, and technology. In addition to multiplayer online games, gamigo is increasingly investing in mobile games, including Dino Empire and the cross-platform game The Rats. Besides growing organically, gamigo’s aim is to record growth by acquiring gaming and technology companies.
About Looki Publishing GmbH:
Established in 2011, Looki Publishing GmbH is one of the largest independent publishers of internationally successful online games, with a strong focus on Europe, South America and the Arab region. All games can be played free of charge and are monetized via the sale of optional premium content such as unique items, virtual currencies and in-game advantages. Looki Publishing GmbH reaches more than 30 million registered players around the world with its successful games including Empire Universe and Desert Operations.
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