PlayWay S.A. acquired an 80% controlling stake in the Warsaw-based developer Emilus IT Solutions for 531,200 PLN.
The transaction was finalized on June 30, 2017, through a cash contribution to the developer's share capital.
Emilus IT Solutions has been rebranded as SimFabric Sp. z o.o. to reflect a strategic focus on simulation-based software.
The studio is currently developing two PC titles under the working titles Farm 19 and Electrix.
The acquisition grants PlayWay S.A. direct oversight of the production timelines and intellectual property for the studio's upcoming simulation projects.
This investment is part of PlayWay's broader strategy to expand its portfolio of development studios within the Polish gaming sector.
PlayWay S.A. has finalized an investment agreement to acquire a controlling interest in the Warsaw-based developer Emilus IT Solutions. This transaction, executed on June 30, 2017, involved a cash contribution of 531,200 PLN toward an increase in the developer's share capital. Upon the formal registration of this capital increase in the National Court Register, PlayWay S.A. will hold an 80% stake in the company. This acquisition aligns with the broader strategic expansion of PlayWay’s portfolio of development studios within the Polish gaming sector.
The primary operational focus of the newly acquired entity involves the development of two specific PC titles currently identified under the working titles Farm 19 and Electrix. In conjunction with the investment, the developer’s Extraordinary General Meeting of Shareholders passed a resolution to rename the firm. The entity formerly known as Emilus IT Solutions Sp. z o.o. has officially transitioned to the name SimFabric Sp. z o.o., signaling a rebranding effort that likely reflects its focus on simulation-based software.
This corporate action was conducted under the legal framework of Article 17, Paragraph 1 of the Market Abuse Regulation, which governs the disclosure of inside information for publicly traded companies. The transaction represents a significant integration of specialized development talent into the PlayWay ecosystem, specifically targeting the PC gaming market. By securing a majority stake, PlayWay S.A. establishes direct oversight of the production timelines and intellectual property associated with the studio's upcoming simulation projects.
