Swedish games firm Embracer to buy 3 companies as sales, profits grow

STOCKHOLM: Embracer, Europe’s largest gaming firm by market value, said on Wednesday it had agreed to buy three new companies after posting strong sales growth in the first quarter.

The Swedish firm, which has a strategy of boosting growth through deals, said earlier this month it had bought eight companies at a combined value of 2.7 billion Swedish crowns ($308.4 million).

Embracer said on Wednesday it would buy U.S.-based Demiurge Studios, Estonia’s OU Fractured Byte and Russian-based SmartPhone Labs. It did not disclose deal values but saidconditions were in line with its previous transactions.