Ukrainian game developer Room 8 Group acquires Brazilian PUGA Studios
02 May, 2022, 17:00
The game development company Room 8 Group has announced the acquisition of the Brazilian creative studio PUGA Studios. This deal will allow Room 8 Group to expand in global markets. The financial details of the deal has not been disclosed.
“PUGA joining Room 8 Group is another step forward in our ongoing global expansion, including offices, teams, and service offerings,” says Sviatoslav Pohrebnoi, Room 8 Group Chairman.
- Room 8 Group is a Ukrainian game development company with a large development office in Kyiv, cooperating with Ubisoft, Gameloft, Activision, CD Projekt RED, and others. The company is headquartered in Cyprus. The company employs 1,340 people.
- PUGA Studios is a service company providing game styling services (concept art, illustration, storyboard animation, cinematography) for game development and production companies such as Gearbox, Jam City, Socialpoint, Futureplay, Aquiris, and Kwalee. The company has more than 140 employees.
- The takeover will allow Room 8 Group to perform all stages of creative game development on its own, from pre-production to post-production and live ops.
- The acquisition of PUGA is another step in Room 8’s expansion of its business. In March, the company acquired Massive Black, an American art studio, and in February, it opened new offices in Spain, Romania, and Poland.