Sumo Group, the award-winning provider of creative and development services to the video games and entertainment industries, announces the strategic acquisition of PixelAnt Games sp. z o. o. (“PixelAnt”), based in Wroclaw, creating an immediate presence for the Group and an established base for growth in Poland’s booming video games development industry.
The video games industry is growing rapidly in Poland. PixelAnt, which was founded in July 2020, is well known to the Sumo Digital management with its team of 13 developers currently working entirely on Sumo Digital projects.
Following the acquisition, PixelAnt will sit alongside Sumo Digital’s other nine studios and continue to operate under the strong leadership of current studio directors Pawel Rohleder and Adam Lason. With the support of the Sumo brand, the strategy is to expand the studio’s headcount rapidly, accessing the growing pool of high-quality developers in the Polish market and focus on winning third party contracts, while continuing to work on Sumo Digital projects. The PixelAnt team will also work on Own-IP opportunities.
The Group has paid an initial cash consideration of £250,000 for PixelAnt. A further amount may be payable, in Sumo Group shares, depending on the EBITDA achieved in the two years to 31 March 2023.
The acquisition of PixelAnt takes Sumo Digital’s studio count to ten and the Group’s total to 13, across five countries.