This morning, Paradox Interactive announced a binding agreement to acquire formerly independent developer Haemimont Games, which will become a wholly owned subsidiary of Paradox. The current leadership and team will remain active with the studio, and the studio’s ongoing projects will remain in development. The acquisition consists of an upfront cash payment and a similar sized performance-based earn-out to be paid over the coming years. Haemimont Games and Paradox have agreed not to disclose the purchase price at this time. The acquisition will be financed with cash on hand and is expected to close within a few days.
Haemimont Games is headquartered in Sofia, Bulgaria. Over the years, they've made games in several different genres, though most of them were in the strategy and simulation niche. Haemimont released Tropico 3, 4, and 5, the city-building game Surviving Mars, the action RPG Victor Vran, the survival simulation game Stranded: Alien Dawn, and most recently, the well-received tactical roleplaying game Jagged Alliance 3, which received an 8.5 score here on Wccftech.
Fredrik Wester, CEO of Paradox, stated:
We are very happy to welcome Haemimont Games to Paradox! They bring a tight-knit team with long experience in developing management games with many well received projects in their portfolio. Moreover, they have a strong creative streak, technology developed for their niche, a new IP in development and a strong culture that fits Paradox’s way of working. We have strong faith in their team and leadership, and our main focus now is to ensure that they can continue to create great games under new ownership.
Gabriel Dobrev, Founder of Haemimont Games, added:
We're delighted to become a part of the Paradox family! The cultural fit between our companies is remarkable, and we already feel at home. This partnership empowers us to push the boundaries of our games, delivering deeper and more intense experiences to our players. It also opens new horizons for our team, technology, and creative processes, which we're eager to explore. Expect amazing new games from us!
About the author: With over two decades of experience in gaming journalism, Alessio Palumbo has led the gaming vertical at Wccftech since August 2015. He started working at a young age for Italian websites like Everyeye.it, Gamestar.it, Nextgame.it, and Multiplayer.it before kickstarting the indie English-language publication Worlds Factory as its founder and Editor in Chief. In the last decade, he has coordinated the overall output of Wccftech's gaming section, managed PR relations, assigned reviews, produced daily news coverage, edited gaming content as needed, and delivered game reviews. Arguably, his trademark content is the long series of exclusive developer interviews that have been cited by Wikipedia and by the biggest news media and gaming publications. His passion for technology also makes him knowledgeable when it comes to gaming hardware and tech. His favorite genres include RPGs, MMORPGs, and action/adventure games.
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