Sumo Group PLC - Sheffield-based video game creator - Has paid initial cash consideration of GBP250,000 to buy Poland-based PixelAnt Games and a further amount may be payable, in Sumo shares, depending on the earnings before interest, taxes, depreciation and amortisation achieved in the two years to March 31, 2023.
Says PixelAnt will provide "established base for growth in Poland's booming video games development industry."
"The video games industry is growing rapidly in Poland. PixelAnt, which was founded in July 2020, is well known to the Sumo Digital management with its team of 13 developers currently working entirely on Sumo Digital projects," says Sumo.
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By Lucy Heming;Â lucyheming@alliancenews.com
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