Sumo Group PLC Pipeworks completion (3907C)

TIDMSUMO

RNS Number : 3907C

Sumo Group PLC

16 October 2020

16 October 2020

SUMO GROUP PLC

("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."

 
Enquiries: 
 
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: [phone] 
 Jones                                                             1512 
Ben Robertson / John Goold                         Tel: [phone] 
                                                                   5000 
 
Investec Corporate & Investment Banking 
 (Joint Broker) 
David Flin / Bruce Garrow                          Tel: [phone] 
                                                                   5970 
 
Belvedere Communications Limited 
Cat Valentine                                     Tel: [phone] 
                                                                    078 
Keeley Clarke                                     Tel: [phone] 
                                                                    525 
Llew Angus                                        Tel: [phone] 
                                                                    147 
                                                 [e-mail] 
 

About Sumo Group - www.sumogroupplc.com

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