Keywords Studios acquires creative gaming business for up to £1.2m
A London-based studio which provides creative services to the games industry has been acquired by Keywords Studios in a seven-figure deal.
The transaction for Hackney’s Spov Ltd, which provides cinematics, UI, visual effects and motion graphics for the video game and film markets, is for a cash consideration of up to £1.2m and will see the studio become part of Keywords’ Art Services division.
Founded in 2007 by Allen Leitch, Spov’s team of designers, animators and filmmakers have developed a burgeoning reputation in the industry having worked on such big-name titles such as Watch Dogs, The Division and Batman: Arkham Knight.
Fred Stockton, Global Art Service Line Director, Keywords Studios commented: "We are thrilled to have Allen and the Spov team of talented creative professionals join the Art Service Line at Keywords Studios.
"Their skills and experience will enhance our ability to provide a broader range of services to our clients. Likewise, we look forward to meeting with Spov clients to share with them the full spectrum of capabilities that Keywords Studios has to offer.
"This acquisition will strengthen our market position as a leading provider of digital art services and will contribute to our continuing growth in this area."