Stillfront Group AB, will acquire Simutronics Corporation

announced 6/21/2016 via GlobeNewswire

Stillfront Group AB, will acquire Simutronics Corporation

synopsis: Stillfront Group AB announced its acquisition of 52.65% of the outstanding shares in Simutronics Corp. Simutronics, based in St Louis, Missouri and founded in 1987, has developed and is operating the MUD-style text-based games GemStone IV and DragonRealms. Further, Simutronics is a well renowned and profitable mobile games developer.
buyer: Stillfront Group AB (OM:SF:$460.58)
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. They operate through four near-autonomous subsidiaries: Bytro Labs, Coldwood Interactive, Power Challenge, and Dorado Online Games. "
target: Simutronics Corporation
Simutronics is one of the longest-running independent game development studios in North America. As a leader in massively multiplayer games, they have made persistent worlds that people continue to play today. They’ve also created award-winning mobile titles that have topped the game charts.
price ($mm)
$0.93*
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA

Stillfront Group AB, will acquire Simutronics Corporation


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