Rovio, the creators of the hugely popular game Angry Birds, have today announced that they have acquired the Helsinki based animation studio Kombo. The acquisition was financed through cash and Rovio stock. The sum was not disclosed. According to the press release, after the acquisition, Kombo will focus solely on Rovio’s animation properties.
“We have had a long and fruitful relationship with Kombo in the past,” said Mikael Hed, CEO of Rovio. “This acquisition is an important step in the execution of our media strategy. The attitude, creativity and quality of Kombo’s work is simply fantastic, and we look forward to delighting our fans with more Kombo animations.”
Back in March, Rovio announced their whopping $42 million financing round. Needless to say, that money is now being put into good use by acquiring crucial assets for future development. Since Rovio is putting so much effort into this, it seems the company is going to be expanding quite heavily into animation as well.
“We are very excited to be a part of Rovio. Now we have the possibility to create bigger productions to a very wide and global audience,” says Ilmari Hakkola, president of Kombo.
Rovio has also stated that it will be on the look out for more talent in areas of animated entertainment and application development.