STOCKHOLM, SWEDEN (October 25, 2016) Starbreeze AB, an independent creator, publisher and distributor of high quality entertainment products, today announced its acquisition of the Belgian Visual Effects (VFX) studio and PresenZ technology creator Nozon, for a total consideration of 7.1 MEUR, whereof 4.6 MEUR (approximately 44.6 MSEK) in cash and 2.5 MEUR in newly issued Starbreeze B-shares.
In addition, the parties have agreed on a capped ten-year earn-out for Nozon founders based on PresenZ future financial performance, taking effect after Starbreeze has recouped 2 MEUR of its investment. During the earn-out period, Starbreeze will pay a percentage on certain of its revenues benefitting from the PresenZ technology.
Since 1998, Nozon has steadily grown to become a well-known, award winning and established reference in VFX quality thanks to the company’s artistic approach and strong R&D development. Clients trust Nozon every day to achieve complex VFX and 3D animation in their products.