NODWIN Gaming Private Limited, a subsidiary of Nazara Technologies Limited, announced that its Singapore-based subsidiary, NODWIN Gaming International Pte Ltd, has signed definitive agreements to increase its existing 13.51% stake in Freaks 4U Gaming GmbH, a Berlin-based gaming and esports agency, to 100% in tranches through a share swap valued at up to Rs 271 crore.
From what it’s understood, NODWIN Pte will, initially, increase its existing stake in Freaks 4U Gaming to 57% and the remaining 43%, held by founders Michael Haenisch, Matthias Remmert and Jens Enders, will be swapped at a later time at its option. Reportedly, existing investors of Freaks 4U Gaming, being co-investors FRE and Game.Fin S.R.L, will become shareholders of NODWIN Pte. This acquisition is understood to enhance NODWIN Gaming’s capabilities, bringing in the expertise, experience, and network of the Freaks 4U Gaming team, and is expected to contribute towards NODWIN’s revenues going forward. Moreover, this move is intended to bolster NODWIN Gaming’s access to developed markets, in addition to execution and planning capabilities in PC gaming and publishing support services.
“By integrating Freaks 4U Gaming’s expertise and resources, I believe we are poised to deliver services and expand our global footprint in the gaming and esports industries. We also welcome all existing shareholders of Freaks 4U Gaming as NODWIN Gaming’s shareholders,” Akshat Rathee, co-founder, NODWIN Gaming, stated.