Sumo Group PLC New Studio in Newcastle
January 02 2018 - 1:00AM
RNS Non-Regulatory
TIDMSUMO
Sumo Group PLC
02 January 2018
RNS Reach
2 January 2018
Sumo Group plc
("Sumo Group" or the "Group")
New Studio in Newcastle
Sumo Group is pleased to announce that Sumo Digital Limited
("Sumo Digital") has taken on the Newcastle studio of CCP Games
(the "Studio"), through an asset purchase agreement for a nominal
cash consideration. This was the opportunity to open a new studio
to which the Group referred in its Admission Document dated 15
December 2017.
The 34 staff at the Studio, including all games developers,
became employees of Sumo Digital on 1 January 2018. Sumo Digital
will take an assignment of the lease for the property in which the
Studio is located.
Carl Cavers, CEO of Sumo Group, said: "We are delighted that
such a talented group of individuals has joined Sumo Digital,
further enhancing the Group's skills and depth of expertise. Our
experience of opening the Nottingham Studio in 2016 shows us that
expansion into a new location opens the door to a whole new pool of
talent, a crucial element in our growth plans.
"Sumo Group only recently began working with CCP Games. Both
organisations were keen to keep the Newcastle team together and we
were very pleased to complete the transfer at the start of our new
financial year and first full year as a plc.
"On behalf of everyone at Sumo Group, I extend a warm welcome to
the new team at Sumo Digital Newcastle."
Enquiries:
Sumo Group plc Tel: +44 (0) 114 242 6766
Carl Cavers, Chief Executive Officer
David Wilton, Chief Financial Officer
Zeus Capital Limited (Nominated Adviser & Broker)
Nick Cowles / Richard Darlington Tel: +44 (0) 161 831 1512
Ben Robertson / John Goold Tel: +44 (0) 203 829 5000
Belvedere Communications Limited Tel: +44 (0) 7715 769 078
Cat Valentine (cvalentine@belvederepr.com)
Kim van Beeck (kvbeeck@belvederepr.com)
About Sumo Group - www.sumogroupplc.com
Sumo Group's award-winning businesses provide creative and
development services to the video games and entertainment
industries, from studios in Sheffield, Newcastle, Nottingham, Pune
(India) and Vancouver (Canada).
The Group's operating businesses include Sumo Digital and
Atomhawk. Sumo Digital, its primary business, is one of the UK's
largest independent developers of AAA-rated video games, providing
both turnkey and co-development solutions to an international
blue-chip client base. Atomhawk, a complementary business acquired
in June 2017, is a multi-award winning visual design company,
servicing the games, film and visual effects industries. Together,
the Group delivers full-service visual and development solutions,
which include initial concepts and pre-production, production and
development, and post-release support.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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