COPENHAGEN, DK / ACCESS Newswire / September 25, 2026 / Trophy Games Development (CPH:TGAMES)
Company Announcement no. 49/2026 (September 25, 2026)
*Contains Inside Information
Trophy Games Development A/S ("Trophy Games") today announces an agreement to acquire 100% of the shares in French game developer Playrion SASU ("Playrion") from Paradox Interactive AB ("Paradox").
The acquisition is the largest in Trophy Games' history and strengthens the Group's position within mobile strategy and simulation games. Playrion has approximately 30 employees and annual revenue of around EUR 4.0m (approximately DKK 30m).
Beyond Playrion's existing business, Trophy Games sees significant longer-term potential in using Airport Simulator and its underlying technology as the foundation for a new series of simulation games.
Closing of the transaction is expected to take place on September 30, 2026.
Key Transaction Highlights
Upfront cash consideration: EUR 2.25m (approximately DKK 16.8m), payable in cash at closing on a cash- and debt-free basis.
Earnout: Deferred consideration corresponding to 9% of net revenue generated by Playrion's games during the three years following closing.
Revenue: Playrion generates annual revenue of approximately EUR 4.0m (approximately DKK 30m).
Financial impact: Playrion is expected to operate on a cash flow-neutral basis in the short term.
Employees: Playrion has approximately 30 employees and will continue to operate independently from its studio in Paris.
Funding: The acquisition will be funded entirely from Trophy Games' existing cash reserves.
2026 guidance: Revenue guidance is increased to DKK 170m-180m from DKK 150m-167m. EBITDA guidance is adjusted to DKK 29m-35m from DKK 28m-36m, while EBIT guidance remains unchanged at DKK 18m-24m.
Strategic rationale and growth potential
Playrion specialises in simulation and management games within aviation and is best known for Airlines Manager and Airport Simulator: First Class.
Trophy Games sees particular potential in Airport Simulator, where the ambition is to build on the existing game and technology to develop a broader series of simulation titles.
The strategy builds on a model Trophy Games has successfully applied before. Following the acquisition of Airline Manager 4 in 2021, the game became the foundation for a series that today consists of six management games within transportation.
"We have followed Playrion for four years and know both the games and the market well. What makes this acquisition particularly interesting to us is the potential to build from an already proven foundation. We have successfully done that before, and with Airport Simulator we see an opportunity to do it again. Our ambition is to build a new series of simulation games and establish a new growth platform for Trophy Games," says Søren Gleie, founder and CEO of Trophy Games.