Embracer acquired video game studios Square Enix Montreal and Eidos-Montreal

Some 1,100 Square Enix staff members will switch to the Embracer badge, according to the company statement.

The purchase also includes intellectual property rights to several successful video game series such as Tomb Raider, starring renowned archaeologist Lara Croft, a major figure in the world of video games since her debut. in 1996.

It also includes the intellectual property of God Ex, a sci-fi role-playing game, and thiefwhere players play the role of a skilled thief.

A Swedish giant

We are excited to welcome these studios into the Embracer group. It has amazing licensing, world-class creative talent and a reputation for excellence that has been demonstrated repeatedly over the past decades.announced by Lars Wingefors, co-founder and CEO of Embracer.

Embracer, formerly known as THQ Nordic, is based in the small town of Karlstad in western Sweden. The company notably owns Gearbox Software, which is signing the Borderlands series of video games.

The group, which has been a buying frenzy in recent years, will rely on a staff of 14,000 at 124 in-house game development studios after the deal closes.

The Eidos Montreal studio has been outstanding in recent months with the release of the video game Guardian of the Galaxycritically praised and honored with numerous awards, including Game of the Year at the Canadian Video Game Awards.

Square Enix Montreal has been working on mobile games for the past few years, the most recent being Hitman Sniper Assassins. The studio is also producing a new augmented reality version of the classic game space invaders

In a separate statement, Square Enix announced that the acquisition is based on its policy of optimizing its commercial structureannounced last year.

Completion of the acquisition is subject to regulatory approval expected between July and September.