Thunderful Group – which comprises Image & Form (SteamWorld, The Gunk), Zoink (Lost in Random, Fe), and a publishing arm – has acquired Coatsink, creators of Jurassic World Aftermath, Esper, and more.
A press release reveals that Thunderful Group will pay £23 million (approximately $29.7 million USD) upfront, with earn-out components potentially raising the sale price to a maximum of £65.5 million ($84.8 million).
Coatsink is a UK-based developer/publisher which has specialised somewhat in VR games. It’s developed Jurassic World Aftermath, Esper, and Esper 2, as well as supported development of Gang Beasts and Kingdom: Two Crowns. It’s also published the likes of Cake Bash, Phogs, Get Packed, and Onward. Coatsink is currently working on 5 announced and unannounced projects. It will remain an independent studio after the acquisition.
Thunderful made the acquisition in order to expand its games segment. “We have established a good relationship with the founders and key personnel of Coatsink and believe that their strong work ethics and corporate culture will be a very valuable strong complement to Thunderful’s existing businesses. Although it’s just a first step, this is a good example of how we intend to leverage the Group’s powerful cash flow going forward”, said CEO Brjann Sigurgeirsson.
Thunderful was set up in 2018, initially to bring Image & Form and Zoink into one company, and the two best friends that run each company.
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World news – GB – Thunderful Group Acquires Jurassic World Aftermath Developer