Stillfront to acquire Japanese strategy games developer Six Waves
Swedish game developer Stillfront Group has agreed to acquire Six Waves, a publisher of mobile free-to-play strategy games in Japan, for $201 million.
Stillfront Group will acquire Six Waves from NEXON (34.8%), Ng Lok Shun, Rex (20.5%), Chow Bong Leong, Arthur (13.2%), and other shareholders.
Established in 2008, 6waves is focused on developing mid-core strategy games adapted for Japanese gamers. Its strategy games include Shishinogotoku, Sangokuhaousenki, and Tenchinogotoku.
6waves’ studio employs 135 employees. The video gaming company is headquartered in Hong Kong and has offices in Beijing and Tokyo as well.
Rex Ng — President of 6waves said: “We are incredibly happy to become a part of the Stillfront family. Stillfront has built an impressive position within free-to-play globally and we look forward to playing an important role in the group’s expansion in Japan and East Asia.
“Stillfront consists of several world-class studios, and we see great opportunities in working together. Joining Stillfront marks an important step for us, and we look forward to what we can achieve as a part of the group.”
According to Stillfront Group, the acquisition of 6waves helps it set up a solid foothold in East Asia and considerably bolsters its footprint in the attractive Japanese gaming market.
Besides, 6waves brings various top grossing strategy titles to its portfolio and gives a strong platform with local expertise for continued growth via add-on acquisitions in East Asia, said Stillfront Group.
Jörgen Larsson — CEO of Stillfront Group said: “We are very excited to be able to welcome 6waves to the Stillfront family. Stillfront has a long and proven history of developing and publishing evergreen strategy games, and 6waves’s titles fit perfectly into our portfolio.
“Expanding our presence in East Asia and specifically Japan, has been a strategic priority for Stillfront and we are happy that we have found such a talented team to help us on that journey. 6waves has built a very strong reputation as the leading publisher of strategy games in the Japanese market and we cannot wait to work closer with them as a part of Stillfront.”
The deal is expected to close by the end of this month.