Ubisoft has acquired 75 percent of Kolibri Games, a developer of mobile free-to-play games and a leader of the idle games genre. The acquisition follows the company’s purchase of Green Panda Games in 2019.
“We are strengthening our idle games portfolio with the acquisition of Kolibri Games, one of the leaders in the segment, whose flagship game Idle Miner Tycoon has grown steadily since 2016,” says Jean-Michel Detoc, executive director, Ubisoft Mobile. “We are delighted that this great talented team, recognized for the longevity of their flagship title, is joining Ubisoft.”
The acquisition was completed on Jan. 31 and is expected to be accretive to Ubisoft’s earnings. The agreement gives Ubisoft the option of gradually raising its stake in Kolibri Games to 100 percent over the next four years.
"Ubisoft is a creative powerhouse and one of the strongest brands in the games industry – we are humbled to be invited to join this great family,” says Daniel Stammler, co-chief executive officer and co-founder, Kolibri Games. “This marks a high point in the history of our young company and will enable us to expand our development.”