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Keywords Studios acquires video game engineering firm Snowed In

The AIM 100 firm, which provides technical services to the video game sector, said it had acquired Snowed In for a total consideration of C$4mln and would retain its 29 employees

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Snowed In has established relationships with large studios such as Ubisoft and Bethesda

Keywords Studios PLC (LON:KWS) has acquired Snowed In, a provider of engineering and co-development services for the video game industry based in Ottawa, Canada.

The AIM 100 firm, which provides technical services to the video game sector, said it had acquired Snowed In for a total consideration of C$4mln and would retain its 29 employees to push its growth as part of the expanded Keywords structure.

READ: Keywords Studios makes number of key appointments to strengthen the business

Keywords added that Snowed In had a strong global reputation across the video game sector as well as established relationships with large clients such as Ubisoft and Bethesda.

Andrew Day, Keywords’ chief executive said the acquisition would add strength and scale to the group’s recently established engineering service line, as well as enabling Snowed In the take advantage of Keywords’ presence in the region to support its growth.

The acquisition follows a series of new appointments to the company’s board earlier in July, with the company creating the positions of both chief commercial officer and chief marketing officer to help drive growth in the business.

In early morning trading Friday, Keywords' shares were up 0.7% at 1,802p. 

--Adds share price--

Quick facts: Keywords Studios PLC

Price: 1350 GBX

AIM:KWS
Market: AIM
Market Cap: £879.08 m
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