After twelve years in the game development business, Swedish outfit GRIN has finally buckled under sustained financial pressure and has closed its doors completely.

According to a statement from the company’s founding brothers – Bo and Ulf Andersson – the group has been “forced” to shut down due to “too many publishers delaying their payments”, causing an “unbearable” cash flow situation.

“After twelve years of hard work, employing hundreds of wonderfully talented men and women, it is over,” read the statement.

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