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EMBRACER GROUP TO STRENGTHEN INVESTMENT ARM

Embracer Group has announced a slew of new appointments to help strengthen its investment arm. Johan Ekström has been appointed to the additional role of Deputy CEO of Embracer Group, former Deputy CEO Erik Stenberg will continue to be a board member of Embracer Group and Oscar Erixon has been appointed as Head of Investor Relations.

"Oscar will join Embracer Group from 3 August 2022. Oscar joins from Carnegie Investment Bank, where he worked as an equity research analyst covering the Swedish gaming sector. Before that, he worked in a similar role at SEB Equities. He holds an MSc in Investment Management from Cass Business School, London and a BSc in Financial Economics from Gothenburg School of Economics, Business & Law."

Embracer Group has agreed to acquire Eidos, Crystal Dynamics and Square Enix Montreal and a catalogue of IPs including Tomb Raider, Deus Ex, Thief, Legacy of Kain and more than 50 back-catalogue games from Square Enix Holdings Ltd. Embracer Group, owners of Borderlands creator Gearbox Software, previously acquired Dark Horse Media, publishers of the Tomb Raider comic book series starring Lara Croft.

The transaction is subject to various regulatory and other external approvals and is expected to close during the second quarter of Embracer's financial year 22/23 (July-September 2022).

Embracer Group