Skip to main content

PRESS RELEASE: NACON COMPLETES ITS VIDEO GAME DEVELOPMENT UNIT: ACQUISITION OF NEOPICA

Press release Lesquin, 19 October 2020 18:00hrsACQUISITION OF NEOPICANACON COMPLETES ITS VIDEO GAME DEVELOPMENT UNITNacon announces the signing of an agreement to acquire Neopica, a Belgian video game development studio specialising in sports and life simulation games.Following the acquisition of 5 studios over the last 2 years, this new operation enables Nacon to consolidate its position as a developer-publisher by strengthening its expertise in the production of games in promising genres.Created in 2007 by Peter Vermeulen and Filip Hautekeete, among others, Neopica is a renowned Belgian studio that has developed around sixty games, including a number of casual games designed to appeal to the widest possible audience, particularly children, before moving on to more complex simulation games.Neopica and Nacon have enjoyed a fruitful collaboration for several years. In this respect, Neopica produced the Hunting Simulator 1 & 2 hunting games and the FIA Euro Truck Racing Championship  game. For the latter game, Neopica used the KT Engine, developed by Kylotonn Racing.Based in Ghent, Belgium, the studio employs around 30 developers and is now developing its expertise on NextGen consoles (PlayStation®5 and Xbox Series X TM).In addition to the acquisition of know-how accumulated over the course of numerous productions by experienced developers, Nacon is thus consolidating its editorial positioning with the integration of simulation and racing games, a strategic expertise for the construction of its portfolio.A new acquisition in line with the NACON 2023 planThis new external growth is perfectly in line with the NACON 2023 plan, which aims to make Nacon one of the reference leaders in ‘AA’ video games.Nacon’s “Games” unit will thus have 9 development sites (6 in France, 1 in Belgium, 1 in Italy and 1 in Canada) totalling nearly 400 developers and supported by a publishing team of more than 50 people.By joining the Nacon Group, the Neopica studio will benefit from first-rate synergies, notably the commercial, editorial and marketing contributions of the Nacon teams. Mr Peter Vermeulen and Mr Filip Hautekeete, the studio’s current directors and co-founders, will continue to run Neopica with a high degree of autonomy so that they can concentrate on the creative side of its productions.Terms of the transactionThe acquisition of 100% of Neopica’s share capital, paid in full in cash, was completed today after Nacon’s Board of Directors had previously approved the completion of the transaction.Additional consideration (earn-outs) based on the quality and commercial potential of the next two game developments may be paid to the sellers within 12 months of the release of these games.  “We are delighted to welcome the talents of Neopica, which will strengthen our development division and participate in new, even more ambitious projects”, said Alain Falc, Chairman and CEO of Nacon. “We are delighted to be joining the Nacon group, which will enable us to accelerate our development alongside other top-quality studios, by integrating an environment that is conducive to the creation of increasingly high-quality games,” said Peter Vemeulen, CEO and co-founder of Neopica.Next publication:Sales Q2  2020/21: 26 October 2020
Press release after close of the Paris stock exchange
 AttachmentCP-Acquisition de Neopica Diffusion GB

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.