Gold Town Games acquires local gaming studio Time Stop Interactive.
Gold Town Games, a Skellefteå, Sweden-based gaming company announced its intention of purchasing the consulting and gaming company Time Stop Interactive. The deal was made for equity consideration and SEK 100k in cash.
Time Stop Interactive is a small game development studio located in northern Sweden. The company will launch the game Lost God on February 2018.
Gold Town Games, founded in 2015 and led by CEO Pär Hultgren, is a mobile games company author of World Hockey Manager, released locally in the fall of 2016 and worldwide in 2017. GTG is currently employing 10 people. Since July 2016 the company is listed on the Swedish stock exchange, Nordic Growth Market.