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gamigo AG and next idea GmbH acquire Berlin-based gaming company Infernum

01-28-2016 08:51 AM CET | IT, New Media & Software

Press release from: gamigo AG

Hamburg, 1st June 2015 – gamigo group, a leading gaming company in Europe and North America, has formed Infernum Games GmbH together with next idea GmbH. Each company holds a 50% interest. As part of this joint venture, Infernum Games GmbH will acquire the entire operating business from the international online game provider Infernum Productions AG. The staff will be transferred to the new company.

next idea GmbH has more than 30 million registered players via its subsidiary Looki Publishing GmbH and is thus one of Europe’s largest publishers.

Infernum Productions AG’s annual revenues total around EUR 2 million. The company was formed in 2011 and has ca. 6 million registered players with its online games Hazard Ops, Dragon’s Prophet and Brick-Force. Infernum Productions AG filed for insolvency in December 2014. Attorney-at-law Christian Graf Brockdorff, of the insolvency administrators BBL Bernsau Brockdorff, has been supervising the insolvency proceedings first as a trustee and later as insolvency administrator.

“The consolidation process in the games industry is continuing. As an international provider, our gamigo platform strategy means that we are in the perfect position to boost our growth in the future with further acquisitions. With the acquisition of Infernum Productions AG from its insolvency, gamigo AG is gaining key technical, infrastructural and strategic synergies, increasing its network of industry expertise as well as the cash flow. Once all assets have been transferred, we will be able to get the games that have suffered from the insolvency back on track with a new boost”, explained Theodor Niehues, a member of gamigo’s management board.

Andreas Planer, next idea GmbH’s founder and managing director, noted: “We are delighted to expand the scope of our business together with gamigo group. For next idea GmbH this step permanently reinforces our path to the games market of the future.”

About gamigo group:
The gamigo group is one of the leading gaming companies in Europe and North America. gamigo was one of the first 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. Approximately 130 employees in Hamburg, Berlin (Germany), San Francisco, Chicago (USA), Seoul (Korea) and Kaliningrad (Russia) support the three business areas Platform Services (including Gaming as a Service and Game Portals), Publishing free-to-play mobile and online games. gamigo has a wide range of highly popular titles and a loyal customer base, including successful multiplayer online role-playing games such as Fiesta Online and Last Chaos. On top, the games portfolio continues to be further expanded with new titles, such as Wickie Online and Kings and Legends. The gamigo group has a total of well over 40 million registered game accounts worldwide. In addition to multiplayer online games, gamigo is also increasingly investing in mobile games, including games such as Dino Empire and the cross-platform game The Rats.

About Looki Publishing GmbH:
Looki Publishing GmbH was formed in 2008 and is one of the largest independent publishers of internationally successful online games, with a strong focus on Europe, South America and the Arabian region. All games can be played free of charge and are monetarized via the sale of optional premium content. This includes unique items, virtual currencies and 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.

If you have any questions in this regard, please contact:
edicto GmbH
Axel Mühlhaus / Werner Rüppel
Tel.: +49 -(0)69-905505-52
Mail: gamigo@edicto.de
www.gamigo-anleihe.de

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