Trion Worlds games are now run by Gamigo | Trove Team Letter | Meet the new Community team!

Trion Worlds transitioning to Gamigo group

Source: http://forums.trovegame.com/showthread.php?136863-Trion-Worlds-transitioning-to-gamigo-group

October 22, 2018 by Trove Forums 3,064 5

Greetings — We can confirm that there has been a transaction involving Trion Worlds and its games.

While many of the names and faces you’ve come to know in our studios will remain on through this transition, others will not be making the journey. To those who are leaving us, we are forever grateful for your incredible work and contributions over the years.

We’d like to assure our communities that the games will continue on in capable hands moving forward, as everyone involved is aiming to make this transition as smooth as possible for you. We will have more information to reveal as soon as we possibly can.

From the bottom of all of our hearts, we thank you for your time and dedication to our games and hope that you’ve enjoyed the experience as much as we have. From spending time with you in game, to seeing you at conventions, to talking with you on livestreams and forums, it’s been our pleasure to be a part of this exceptional community with you since our first launch more than seven years ago.

Please know that you have our deepest gratitude. As for our games, we hope you continue to enjoy playing them far into the future!

The Trion Worlds Team

Forum Thread: http://forums.trovegame.com/showthread.php?136863-Trion-Worlds-transitioning-to-gamigo-group 

Gamigo Statement

gamigo AG acquires US-Publisher and Game Developer Trion Worlds Inc.

  • gamigo extends its games portfolio by acquiring leading US publisher and game developer Trion Worlds, Inc.
  • Successful integration will strengthen gamigo AG’s position as a leading European and American gaming company
  • Through substantial synergies with the group’s existing business, the Trion Worlds acquisition harbours potential for significant increase in revenue and EBITDA

Hamburg, October 23, 2018 – The gamigo AG („gamigo Bond“ WKN: A2NBH2 / ISIN: SE0011614445) has acquired major assets from Trion Worlds Inc., a leading US gaming company with offices in Redwood City (California) and Austin (Texas) and has as publisher and developer of online and console MMO-games, well-known games such as RiftDefianceTrove and ArcheAge in its portfolio. Trion was acquired via an “Assignment for the Benefit of the Creditors” process, in which the buyer only buys those assets, with which he wishes to continue the business. In this process, gamigo group acquired the majority of the assets, including the platform, takes over employees to operate the business and gets the full publishing rights of the games. The IP’s of the Trion Worlds games have been acquired by gamigo’s sister company Padmapani GmbH and are made available for gamigo group, worldwide and exclusive.

“The successful acquisition and subsequent integration of Trion into our portfolio substantially strengthen gamigo’s position in the European and American gaming market. On the one hand, we add similar and successful brands and games to the already broad gamigo portfolio, on the other hand, we are looking to unlock substantial synergies with the group’s existing business to further benefit from the remarkable growth potential that the gaming market offers.”, comments gamigo’s CEO Remco Westermann.

Through the acquisition of Trion, gamigo’s management expects additional revenues of over USD 18 million and an additional EBITDA of USD 1 to 4 million for 2019. This estimate depends on the success of the restructuring and integration of Trion and is mainly based on potential economies of scale and synergies. The exploitation of economies of scale and synergies is an elementary part of the gamigo strategy and has been proven several times in acquisitions in the past.

About gamigo AG

Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 250 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Ger-many), Warsaw (Poland), Istanbul (Turkey), Chicago (USA) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Aura Kingdom, Desert Operations, Dragon’s Prophet, Echo of Soul, Fiesta Online, Goal One, Last Chaos, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Disclaimer

This release may contain forward-looking statements based on current assumptions and forecasts made by the management of gamigo or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of gamigo and its affiliated companies and the estimates given here. Neither gamigo nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.

For further information, please contact
Gamigo AG
Public and Investor Relations
Email: pr@gamigo.com

Issuer
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
Email: info@gamigo.com
Web-Page: www.gamigo.ag

Trovesaurus Notes:

  • Gamesutra reports 25/200 staff remain
  • Departs
    • Brasse
    • Twixler (and the entire art team)
    • Atronos
    • Junebug
    • Darkmoon
    • (presumably all engineers and artists too)
  • Remains
    • Fasti (social)
    • Morgana (mentioned on livestream)
    • Mr E (seen on livestream)
    • Tynaut (seen on livestream)
    • Habidakus (seen on livestream)
    • PostCard (mentioned on livestream)

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