This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media.
Accept
EdTechReviewEdTechReview
  • News
  • Trends
  • Insight
  • eLearning
  • Research
  • Dictionary
  • EdTech Voices
  • More
    • Data & Statistics
    • Reviews
    • AWS for Education
    • Events

    Resources

    • Infographics
    • Reports & Case Studies
    • Videos
    • Books
    • Webinar

    Needs

    • 1:1 Learning
    • 21st Century Education
    • 21st Century Leadership
    • 21st Century Learning
    • 21st Century Teaching
    • 3D Printing
    • More Tags

    For

    • Students
    • Teachers/Educators
    • Administrators
    • Entrepreneurs/Startups
    • Govt. Officials/Policymakers
    • Parents
Explore
Search
Contribute
  • Submit A Post
  • EdTech Trainers and Consultants
  • Your Campus EdTech
  • Your EdTech Product
  • Your Feedback
  • Your Love for Us
  • EdTech Product Reviews
ETR Resources
  • About
  • Mission/Vision
  • Team
  • Services
  • Testimonials
  • Authors
  • Sponsor
  • Partner
  • Advertise
  • Our Clients
  • Media Kit
  • Press Release
  • FAQ’S
Reading: Swedish Game Development Company Wicket Gaming AB To Acquire Wegesrand Group
Aa
EdTechReviewEdTechReview
Aa
Search
  • News
  • Trends
  • Insight
  • eLearning
  • Reviews
  • Dictionary
  • EdTech Voices
  • Data & Statistics
  • Research
  • AWS for Education
  • Events
  • EdTech Voices
  • Tags
  • About
  • FAQ’S
  • Our Clients
  • Partner
Follow US
Home > News > Swedish Game Development Company Wicket Gaming AB To Acquire Wegesrand Group
News

Swedish Game Development Company Wicket Gaming AB To Acquire Wegesrand Group

Shalini Pathak Published Sep 2, 2022
Share
4 Min Read
Swedish Game Development Company Wicket Gaming AB To Acquire Wegesrand Group
Swedish Game Development Company Wicket Gaming AB To Acquire Wegesrand Group
SHARE

Wicket Gaming AB, a Swedish game development company, has recently entered into an agreement to acquire 100 per cent of the Wegesrand Group.

AdvertisementWhy this Ad?
AdvertisementWhy this Ad?

Through the acquisition of Wegesrand, Wicket Gaming will broaden the portfolio within the EdTech and media verticals. This gives the company a more diversified product portfolio while the EdTech leg contributes with important knowledge transfer, according to the company’s CEO, Eric de Basso.

The acquisition comprises six companies: Wegesrand GmbH & Co. KG, Wegesrand Verwaltungsgesellschaft GmbH, Unger & Fiedler Transmedia Studio GmbH, Linked Dimensions GmbH, Indieadvisor & Company GmbH & Co. KG and IndieAdvisor Holding GmbH (together the “Wegesrand Group”). The sellers are Wegesrand Medienbeteiligungsgesellschaft mbH and Thorsten Unger, respectively.

Founded in 2015, Wicket Gaming’s business concept is based on developing and distributing so-called free-to-play games in the sports genre based on proprietary brands. Since its inception, the company has worked to develop its first title, Cricket Manager, which is a managerial game in cricket for mobile devices that aims to create and own its own cricket club and compete against other players around the world. Its goal is to create one of the world’s most popular cricket manager games for mobile devices and to use a technical platform to broaden the game portfolio to include other sports manager games.

Speaking about the acquisition, Chief Executive Officer of Wicket Gaming, Eric de Basso, said:

“We are very pleased to welcome the Wegesrand Group with its talented team to our family. We have a common vision of being able to become a bigger player in the Games, Media, iGaming and Education verticals. I look forward to creating long-term shareholder value together with Thorsten Unger and the rest of the Wegesrand team.”

Headquartered in Mönchengladbach, Wegesrand is a gaming, media and digital education group with several offices in Germany. The group consists of approximately 20 full-time employees. It possesses expertise in computer game development, game design and digital education, in addition to which the platform also has several in-house developed titles which are planned to be launched in the next two years. It is expected to have revenues of 2.0 – 2.5 million euros in 2021 with positive operating results and has shown good historical growth.

As part of the deal, BDO is acting as financial advisor and Eversheds Sutherland (Stockholm and Munich) is acting as legal advisor to Wicket Gaming in the transaction.

With the new company structure, Wicket Gaming will have a strong presence in Germany and have more than 25 employees with an estimated turnover of SEK 25 million in 2022. The company will in the future increase its focus on the games and EdTech segments (serious games and playful learning).

The group is in a strong organic growth phase within the EdTech segment, and through company acquisitions in games and EdTech, growth is expected to increase further. In the near future, Wicket Gaming plans to expand its presence on the European continent.

TAGGED: Digital Learning, EdTech Acquisition, Gaming, Mergers & Acquisitions, Online Education
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Email Copy Link
By Shalini Pathak
Follow:
Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
Previous Article Seoul-based Naver Whale Signs MOU With Vietnamese Education Platform Phenikaa Seoul-based Naver Whale Signs MOU With Vietnamese Education Platform Phenikaa
Next Article Renaissance Acquires Illuminate Education Renaissance Acquires Whole Child MTSS Management Platform Illuminate Education
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

AdvertisementWhy this Ad?
AdvertisementWhy this Ad?

Latest EdTech News To Your Inbox

Stay Connected

AdvertisementWhy this Ad?

You Might Also Like

6 Ways to Ensure Productivity with Technology Time in the Classroom
Insight

6 Ways to Ensure Productivity with Technology Time in the Classroom

Apr 22, 2025
SmartSuite Raises $38M to Revolutionize Work Management Platform
News

SmartSuite Raises $38M to Revolutionize Work Management Platform

Feb 28, 2025
Jobizo Raises $14M Pre-Series Funding Eyes Global Expansion
News

Jobizo Raises $1.4M Pre-Series Funding, Eyes Global Expansion

Feb 28, 2025
AI Mental Health Startup Sonar Secures Pre-Seed Funding
News

AI Mental Health Startup Sonar Secures Pre-Seed Funding

Feb 27, 2025
Moodle Joins Forces With EdLatam to Boost Latin American Education
News

Moodle Joins Forces With EdLatam to Boost Latin American Education

Feb 27, 2025
Vedam School of Technology Aims to Transform Computer Science Education in India
News

Vedam School of Technology Aims to Transform Computer Science Education in India

Feb 27, 2025
AI-Driven Tutoring Startup Medly AI Raises Seed Funding to Expand Its Reach
News

AI-Driven Tutoring Startup Medly AI Raises Seed Funding to Expand Its Reach

Feb 26, 2025
Cambridge and Vishwakarma University Sign MoU for Teacher Training Programme
News

Cambridge and Vishwakarma University Sign MoU for Teacher Training Programme

Feb 26, 2025
Show More
EdTechReviewEdTechReview

H433, 2nd Floor, Vikaspuri, New Delhi, India, 110018
Phone: 011 41321030

Follow US

Copyright © EdTechReview. All Rights Reserved.

  • Home
  • Advertise
  • Event Associations
  • Press Release
  • About
  • Services
  • Contribute
  • News
  • Trend & Insight
  • Data & Statistics
  • eLearning
  • Reviews
  • Research
  • EdTech Voices
  • Dictionary
  • Tags
  • Resources
  • Events
  • Courses
  • EdTech Product for Review
  • Sponsored/Paid Post Service
  • Our Clients
  • FAQ’S
  • Contact Us
  • Important Links
  • Sitemap
  • Terms of Use
  • Privacy Policy
newsletter
Join 100K+ subscribers!

Subscribe to our weekly newsletter that brings the latest EdTech news, trends, insights, reports, interviews, etc. for educators, school leaders, entrepreneurs, investors, & others.

loader
Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?