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gamigo AG: gamigo acquires global games licenses from playzo

DGAP-News: gamigo AG / Key word(s): Miscellaneous
gamigo AG: gamigo acquires global games licenses from playzo

24.05.2016 / 16:55
The issuer is solely responsible for the content of this announcement.

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Corporate News

gamigo acquires global games licenses from playzo

- Acquisition of exclusive, worldwide licenses including those for Desert
Operations and Wargame 1942

- Acquisition of playzo games studio and its team to further optimize and
enhance games licenses

- Acquisition enables further growth and will have a positive effect on
EBITDA

Hamburg, May 24, 2016 - gamigo AG ("gamigo", bond ISIN: DE000A1TNJY0), a
leading company in the fast-growing games market in Europe and North
America, today announced that it is further expanding its games publishing
business by acquiring 100 percent of playzo games GmbH based in Darmstadt/
Germany. The subsidiary company of playzo GmbH, founded by Christoph Süß in
2010, has been responsible for the development of games like "Desert
Operations", "Wargame 1942" and "Generals of War" and will continue to work
on these titles in the future.

The acquisition of worldwide rights to successful games such as Desert
Operations, Wargame 1942 and Generals of War will enable gamigo to develop
additional markets and to better adapt the games to their respective market
environments by providing ongoing updates, thereby enabling the games to
achieve further growth.

By taking over the playzo games GmbH studio in Darmstadt, gamigo ensures
close coordination between publishing and product enhancement activities.
In the upcoming months, the focus will be on expanding and optimizing the
acquired games.

The acquisition of playzo games GmbH will have a positive effect on EBITDA
and net profit as early as the second quarter of 2016.

Christoph Süß, CEO of playzo GmbH, comments: "With gamigo's acquisition of
the game licenses as well as the studio both publishing and game
development are in one hand, which will sustainably increase efficiency.
playzo is going to focus on the development of new game projects from now
on."

Remco Westermann, CEO of gamigo AG, said: "We are continuing our growth
strategy. With the addition of an experienced team and the planned
expansion of the Darmstadt site, we will continue to focus squarely on
improving our products, which will have a sustained, positive effect on
growth and profitability."

gamigo AG is already planning further acquisitions as well.

About the gamigo group

The gamigo group is one of the leading gaming companies in Europe and North
America with more than 65 million registered user accounts and over 100
staff members in Hamburg, Berlin, Münster, Darmstadt (Germany) and Chicago
(USA). The company functions as a publisher for free-to-play mobile and
online games and also offers modular Software-as-a-service solutions for
business customers within the scope of the gamigo platform strategy. The
gamigo platform helps publishers and developers from all over the world
publish and promote their products efficiently and cost-effectively. The
company's core portfolio is comprised of successful games like Fiesta
Online, Last Chaos, Dragon's Prophet, Empire Universe 3, Desert Operations,
Kings and Legends, Wickie Online and the cross-platform game The Rats. As
early as in the year 2000, gamigo published the first MMOG that was
completely localized into German. gamigo strives to grow its business
organically as well as via acquisitions and has performed 10+ M&As since
2014, including companies specializing in games and technology as well as
individual game assets.


Press Contact
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Tel.: +49 -(0)69-905505-52

Mail: [e-mail]

www.gamigo.com


About playzo GmbH

playzo GmbH is a Darmstadt-based game production company that was founded
by Christoph Süß in 2004. Its creative minds have brought forth titles such
as "Desert Operations", "Romadoria", and "Harvestopia". playzo GmbH can
draw on more than 10 years of experience with strategy games to further
expand its achievements in this field in the future.

Press Contact

playzo GmbH
Nina-Simone-Weg 7
64297 Darmstadt
E-Mail: [e-mail]
Tel.: [phone]


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24.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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