Rovio, the company behind the smash hit mobile game Angry Birds, has acquired the leading Finnish animation studio Kombo.
The deal was made for an undisclosed sum of cash and stock, and Kombo will now work exclusively on Rovio properties.
The move is part of Rovio’s efforts to increase its animation production capabilities on the way to becoming a world powerhouse in animated entertainment.
“We have had a long and fruitful relationship with Kombo in the past,” said Mikael Hed, CEO of Espoo, Finland-based 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.”
“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 will continue to expand in all areas of entertainment business, and the company is on the lookout for more talent in both animated entertainment and application development.