PlayWay S.A. acquired a 60% controlling interest in the Lublin-based development studio Pyramid Games Sp. z o.o.
The total cash investment for the majority stake was finalized at 330,000 PLN, an increase from the originally planned 300,000 PLN.
The capital injection is specifically earmarked to fund the development of a new simulation title currently titled Motorcycle Mechanic.
The agreement was formally concluded on February 22, 2017, and is subject to the official registration of the share capital increase in the National Court Register.
Founding partners Jacek Wyszyński, Michał Skałba, Gwidon Budziak, Adrian Przydatek, and Damian Chalimoniuk retain the remaining 40% equity in Pyramid Games.
PlayWay S.A. has finalized an amendment to its investment agreement with the shareholders of Pyramid Games Sp. z o.o., a development studio based in Lublin, Poland. This agreement, concluded on February 22, 2017, marks a strategic expansion of PlayWay’s portfolio through the acquisition of a majority stake in the subsidiary. The amendment specifically increases the investor's financial commitment from the previously agreed 300,000 PLN to a total cash contribution of 330,000 PLN.
Under the terms of the updated agreement, PlayWay has formally declared its accession to the company and its commitment to subscribe to new shares within the increased share capital. Upon the official registration of this capital increase in the National Court Register, PlayWay will hold a 60% controlling interest in Pyramid Games. The remaining shares continue to be held by the founding partners, including Jacek Wyszyński, Michał Skałba, Gwidon Budziak, Adrian Przydatek, and Damian Chalimoniuk.
The primary objective of this capital injection is to fund the development of new software projects, specifically targeting the production of a simulation title currently operating under the working title Motorcycle Mechanic. This investment aligns with the broader industry trend of established publishers securing majority stakes in specialized development teams to diversify their product catalogs. The transaction was conducted under the legal framework of the Market Abuse Regulation regarding the disclosure of inside information by public companies.
