GDEV Expands Portfolio with Acquisition of Mobile Casual Game Studio Light Hour Games

GDEV Inc. has acquired Light Hour Games, a mobile studio based in Cyprus, to expand its portfolio in mobile casual games. The acquisition grants Light Hour Games the opportunity for creative freedom and long-term upside while securing necessary funding through GDEV. GDEV CEO Andrey Fadeev stated that the acquisition complements the company's growth strategy and enables the best creators with resources and freedom to succeed.

GDEV Inc. (NASDAQ: GDEV), a leading gaming and entertainment holding company, has announced the acquisition of Light Hour Games, a Cyprus-based mobile gaming studio specializing in AI-driven casual game development. The acquisition, effective immediately, will allow Light Hour Games to maintain its operational independence while leveraging GDEV's resources to expand its casual gaming portfolio [1].

Light Hour Games, led by industry veterans Konstantin Mitrofanov and Ilya Nikitin, consists of a 15-person team known for its expertise in AI-first workflows. This acquisition will provide the studio with continued creative autonomy and potential revenue sharing, while gaining access to GDEV's knowledge and data platforms. The integration aims to combine Light Hour's lean structure and AI-driven toolset with GDEV's strategic capabilities in the mobile gaming market [1].

GDEV CEO Andrey Fadeev stated, "This acquisition complements our growth strategy by bringing in best-in-class creators with resources and the freedom to succeed. We are excited to collaborate with Light Hour Games to enhance our portfolio and drive innovation in the mobile casual gaming space" [1].

The acquisition is part of GDEV's broader strategy to expand its portfolio and maintain a strong position in the competitive interactive entertainment market. This move comes as GDEV continues to shape gaming experiences through its multi-studio creative network and live-service expertise [1].

References:
[1] https://www.stocktitan.net/news/GDEV/