Developer Trophy Games has expanded its portfolio by acquiring 20 new games from publisher and developer Tivola Games. The Copenhagen-based company completed the acquisition for €700,000 in cash. This move aligns with Trophy Games' strategic focus and opens up new opportunities for exploration.

Known for its pet-themed titles like DogHotel and Cat Rescue Story, Trophy Games aims to diversify its offerings with this acquisition. Despite maintaining stable revenues in recent years, the company is committed to optimizing performance and driving shareholder value by exploring new business opportunities within the acquired portfolio.

With an array of pet-centric games, Trophy Games assures there's something for every animal lover. Following the acquisition, the company has adjusted its fiscal year 2024 forecasts, raising revenue expectations to DKK 68-74 million, EBITDA to DKK 16-20 million, and EBT to DKK 6-9 million.

Source: adapted from an article by Isa Muhammad, Staff Writer for Pocketgamer.biz.