Thunderful Games has announced that it has acquired Madrid-based developer Stage Clear Studios, in a deal worth up to 2.5 million euros*.
The acquisition has allowed Thunderful to add a team of around 40 game developers “with experience in full-scale development and porting to their family as the group looks to grow and develop their international games business.”
Founded in 2012, the developer has recently worked on Nintendo Switch games and ports such as Max and the Curse of Brotherhood, The Coma: Recut, Alex Kidd in Miracle World DX, and The Last Kids on Earth and the Staff of Doom.
“The acquisition of Stage Clear Studios is fully in line with our strategy to grow our Games segment and the Group as a whole,” comments Thunderful Group CEO Brjann Sigurgeirsson. “Stage Clear Studios has established itself as a talented and reliable development studio with a reputation of delivering great products on time and on budget.”
Thunderful Group’s chief strategy and investment officer Agostino Simonetta adds: “This deal strengthens our international position, broadens our network towards more development studios and creates synergies within the Group’s publishing operations. We welcome our new co-workers in Madrid, who will work closely with their colleagues in the Nordics, UK and Germany.”
Stage Clear Studios managing director Daniel Santos Fonseca adds: “In Spain we say that in life there are certain trains that you have to catch – and the opportunity to be part of the Thurderful Group was an unmissable train! When I met the Thunderful management team and heard about their plans, I knew we had to be a part of it. We are proud and excited to start this new adventure with the Thunderful Group.”