Krafton have officially announced their plans to acquire Swedish developer Neon Giant, known for the isometric cyberpunk RPG The Ascent.
Korean publisher Krafton today released their Q3 financial results as well as some news about the further growth of their first-party studios. Krafton will be expanding with the planned acquisition of Swedish studio Neon Giant, who are known for the isometric cyberpunk RPG The Ascent from 2021.
Krafton did not give a figure that they plan to spend on Neon Giant though. The press release mentions that the studio are working on an open-world first-person shooter, following their debut game which received fairly positive reviews from players.
In addition to the plans to acquire Neon Giant, Krafton also plan to establish a major studio in Canada to helm the development of the recently announced The Bird That Drinks Tears project.
"Krafton continues to invest in its development and service capabilities to ensure a steady pipeline of premium titles. The company announced plans to acquire Swedish studio Neon Giant (The Ascent), which is currently working on an open-world FPS game.
Krafton also plans to establish a major studio in Canada to lead the development of The Bird That Drinks Tears project. Additionally, the company has a number of high-quality console and PC titles in active development across various genres, including Project Black Budget (PvPvE hardcore looter shooter), Project Roam (multiplayer PvPvE shooter) and the next Subnautica game (adventure)."
Krafton have been on an acquiring spree over the last couple of years with most notable acquisitions including Unknown Worlds, known for Subnautica, 5minlab who specialise in mobile games and also establishing Striking Distance Studios with Glen Schofield, who are soon releasing the highly-anticipated horror title The Callisto Protocol.