Paradox Interactive have announced today that they have acquired Triumph Studios, the developer behind Overlord and Age of Wonders.
Paradox announced the buyout in a press release and have stated that Triumph’s founders Lennart Sas and Arno van Wingerden and the current development team will stay. They also said that additionally “all ongoing projects will remain in development.” These titles will now be published by Paradox.
Paradox CEO Fredrik Wester stated “Triumph Studios is a developer of our own heart,” he went onto say that “They are world-leading within their niche and have built a large and dedicated community over the years, counting quite a few Paradox employees among their hardcore fans. We have great faith in Lennart, Arno, and the Triumph team, and our main focus now is to ensure that they can continue to create their magic under new ownership.”
Lennart Sas founder of Triumph said in his own statement that the studio has been approached by other buyers but the company declined their offers. In regards to Paradox, It’s “not merely a business transaction” but instead something on a grander scale.
He stated that “This is a liaison with a partner that can help us grow sustainably by ensuring the stability and continuity needed for us to do more of what we do best–develop some of the best turn-based strategy games on the market today,” Sas said. “Paradox is a good match for us both culturally and games-wise. They get it. It’s as simple as that, and we are extremely excited about the acquisition.”
Financial terms for the transaction have not been disclosed at this time.