Embracer Group’s management announced the decision to split the Swedish holding into three companies, each of which will be separately listed on the Nasdaq Stockholm exchange.

Embracer Group explained that the current structure “does not create optimal conditions” for further growth of the holding company. The split will allow the companies to better focus on their business segments and increase their chances of success.

Embracer Group will split into:

  • Asmodee – a publisher and distributor of board games;
  • Coffee Stain & Friends – a division focused on indie and A/AA-level games for PC, consoles and mobile devices;
  • Middleearth Enterprises & Friends – a division to handle AAA-level games for PC and consoles. It will also manage IPs such as Lord of the Rings and Tomb Raider.
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