Indie Game Publisher Headup Games Acquired By Thunderful Group

Posted on February 27, 2021 by Nick Moreno

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In recent discussions, the talk of acquisitions continued to be pinned towards major players in the video game industry. Most recently being Microsoft’s ambitions to completely acquire Zenimax Media, which includes subsidiary publisher, Bethesda. But, there are continued purchases of properties and the attached firms involved as well.

Of course, THQ Nordic cannot keep its name out of the acquisition conversation as well. In its most recent case, the Austrian publisher conglomerate announced to be taking ownership of another dozen smaller studios. In that, it includes teams like Purple Lamp Games responsible for Spongebob Squarepants: Battle for Bikini Bottom – Rehydrated.

In a new statement from Thunderful Group, the Swedish video game holdings firm announced to be acquiring indie game publisher Headup Games.

The acquisition of Headup is fully in line with our strategy to grow our Games segment and the Group as a whole. I’ve known Dieter Schoeller ever since we started publishing games ourselves more than ten years ago. The fine folks at Headup are very good at merging game development and publishing, and they’re doing better and better business.

The acquisition strengthens our international position, broadens our network towards more development studios and creates synergies within the Group’s publishing operations. We welcome our new co-workers in Düren who will work closely with their colleagues at Thunderful Publishing.

Brjann Sigurggeirsson, Thuderful Group CEO

Issued in the press release, Thunderful Group is told to pay €5 million for Headup Games. Additionally, the firm will also provide an ‘earn-out component’ based on the publisher’s performance until 2023. The purchase is told to be finalized before March 31st next month.” After more than a decade on our own, it’s time for the next big adventure – and I’m really happy to become a part of Thunderful Group,” Dieter Schoeller, Headup Games founder adds.

“I’ve had the pleasure of knowing Brjann for many years now, and he’s always been an inspiration for business practices and partnerships. Becoming an important part of the family will give our experienced team new opportunities and unleash our full potential.” In the past, Rectify Gaming spoke with Schoeller on some of Headup Games ambitious publishings like Julian Laufer’s Outbuddies & Elder Games’ Everreach: Project Eden which you can read now!

What Headup Games title do you enjoy the most?

Source: Thunderful Group

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