Share Name Share Symbol Market Type Share ISIN Share Description
Sumo Group Plc LSE:SUMO London Ordinary Share GB00BD3HV384 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.39% 255.00 253.00 255.00 255.00 254.00 255.00 73,165 12:46:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 49.0 7.4 5.2 49.1 387

Sumo Group PLC Pipeworks completion

16/10/2020 5:33pm

UK Regulatory (RNS & others)

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From Sep 2020 to Oct 2020

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RNS Number : 3907C

Sumo Group PLC

16 October 2020

16 October 2020


("Sumo Group", or the "Group")

Pipeworks completion

Following the announcement on 15 October 2020, Sumo Group, the award-winning provider of creative and development services to the video games and entertainment industries, today announces that the acquisition of Lake Street Labs Buyer Corp, the owner of Pipeworks Inc. ("Pipeworks"), has now completed.

Carl Cavers, Chief Executive Officer of Sumo Group, said:

"Pipeworks is an exciting addition to the Group and we welcome Lindsay Gupton, the CEO of Pipeworks, and his team to Sumo Group. We have already started to explore specific opportunities with clients and we look forward to creating great games together."

Sumo Group plc                             Via Belvedere Communications 
Carl Cavers, Chief Executive Officer 
David Wilton, Chief Financial Officer 
Zeus Capital Limited (Nominated Adviser 
 & Joint Broker) 
Nick Cowles / Richard Darlington / Andrew          Tel: +44 (0) 161 831 
 Jones                                                             1512 
Ben Robertson / John Goold                         Tel: +44 (0) 203 829 
Investec Corporate & Investment Banking 
 (Joint Broker) 
David Flin / Bruce Garrow                          Tel: +44 (0) 207 597 
Belvedere Communications Limited 
Cat Valentine                                     Tel: +44 (0) 7715 769 
Keeley Clarke                                     Tel: +44 (0) 7967 816 
Llew Angus                                        Tel: +44 (0) 7407 023 

About Sumo Group -

Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, Canada and the US.

Sumo Digital, as the Group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Leamington Spa, Warrington and Pune, India. The business has acquired three studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room in Brighton, Red Kite Games in Leeds and Lab42 in Leamington Spa. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.

Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.

Pipeworks is an innovative, well-established, and respected US video games developer based in Eugene, Oregon. It provides full development, co-development, and live operations to premier video game publishers and other partners.

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(END) Dow Jones Newswires

October 16, 2020 12:33 ET (16:33 GMT)

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