Guru Games was acquired by Thunderful

Sweden M&A 06 February 2020
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Guru Games, a Skövde, Sweden-based gaming developer, announced that it was acquired by the Gothenburg-based Thunderful Group AB

Financial details of the transaction were not disclosed.

Guru Games (Guiding Rules Games AB), founded in 2014 and led by CEO Daniel Ström, is a fourteen-man studio which was making about SEK 2.6 million ($270k) in sales (fiscal year ending on March 2019).

Thunderful Group AB already owns game developers Image & Form and Zoink, two successful veterans on the Swedish game development circuit. The Group also includes Thunderful Publishing with operations involving the publishing of games – and Thunderful Distribution, with operations in the distribution and sale of gaming consoles, games, gaming accessories and toys. The latter includes Bergsala AB, Amo Toys Nordic AB and Nordic Game Supply AB.

Klaus Lyngeled, CCO at Thunderful:
“Together with our new colleagues we’ll create prototypes from strong game ideas, which means we’ll be able to develop games at a higher and more even cadence. The fact that we’ve known the folks at Guru Games for years of course helps a lot.”