Espoo, Finland– 1 Jun 2011– Rovio, the developer of the Angry Birds entertainment franchise, today announced the acquisition of leading Finnish animation studio Kombo, for an undisclosed sum of cash and stock. Following the acquisition, Kombo will focus their production efforts entirely on Rovio properties.
The acquisition of the Helsinki-based studio strengthens Rovio’s animation production capabilities, with the long-term goal of creating a world class powerhouse in animated entertainment. The deal combines one of the most talented animation studios in the region with the fastest growing entertainment property in the world.
"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."
Kombo's ability to combine playful creativity with traditional handcrafts, excellent technical skills and the latest technology has resulted in a wide and unique collection of works in the fields of media and art.
"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.
Rovio is an entertainment media company based in Finland, and the creator of the globally successful Angry Birds franchise. Rovio was founded in 2003 as a mobile game development studio, and the company has developed several award-winning titles for various mobile platforms. Rovio is rapidly expanding its activities in broadcast media, merchandising, publishing and services. For more information about Rovio, go to rovio.com.