13 Aug 2020 EMBRACER GROUP ACQUIRES NEW WORLD INTERACTIVE
Embracer Group, through its wholly-owned subsidiary Saber Interactive, has entered into an agreement to acquire US/Canada based New World Interactive. NWI is an award-winning indie-spirited creator and developer of First-Person-Shooter IPs for PC. Through the acquisition, Embracer Group adds its first studio in Canada.
NWI consists of a passionate team of approximately 40 people headquartered in Denver, CO, with a development studio in Calgary, Alberta, including approximately 35 game developers led by CEO Keith Warner. NWI has released three proprietary PC titles, developed a dedicated fanbase of more than 10 million gamers and is working with an exciting project pipeline with the potential to achieve AAA results in the marketplace.
“NWI is a gamer-centric company that has created great franchises with devoted and loyal fans. With the aid of Saber’s backend technology, NWI will be better positioned to leverage its capabilities for providing games as a service. Saber will also provide resources to bring NWI’s hit titles to new platforms where we expect revenues will greatly increase. We are excited for them to join our growing team of talented developers.” says Matt Karch, CEO Saber Interactive Inc., Director of the Embracer Board.
NWI was founded in 2010 and has developed into a PC FPS specialist best known for the creation of the team-based multiplayer series Insurgency. The game was first released in 2014 and its sequel, Insurgency: Sandstorm, was released in 2018. Together, approximately 7 million copies of the Insurgency series have been sold on PC alone and the original game holds a 90 percent rating on Steam. In 2017, NWI took Insurgency’s gameplay to World War II with the release Day of Infamy. To date, NWI’s three proprietary titles have collectively generated more than $50 million in revenues.
“As part of Embracer Group and Saber Interactive, NWI will have access to publishing, marketing and other development resources to help grow and scale quickly. This will among other things improve development quality and add new platforms – we’re simply delighted to join” says Keith Warner, CEO NWI.