Global gaming company Stillfront Group AB has acquired 100 percent of the shares of Jordan-based Jawaker for $205 million in a move that bolsters the Swedish company’s presence in the Middle East and North Africa region (MENA).
Founded in 2009, Jawaker a leading mobile gaming studio in the MENA region and holds one of the largest classic PvP (Player versus Player) gaming apps in the world including a hub with more than 30 products.
The acquisition will further strengthen Stillfront’s presence in the strategically important and fast-growing MENA region, as well as further broaden Stillfront’s games portfolio and fuel future organic growth.
“With the acquisition of Jawaker, we add a fast-growing and highly profitable studio to the group, and further strengthen our presence in the strategically important MENA region. We see significant scaling potential for Jawaker as a part of Stillfront, with opportunities to fuel user acquisition both in the MENA region and among the Arabic speaking population worldwide,” CEO Jörgen Larsson said.
The Swedish company has been presence in the region since 2016. “From its humble beginnings 12 years ago, Jawaker has always maintained its belief that steady profitable growth can achieve meaningful results over the long term. The best investment we made over the years was in our culture,” said Mohamad Hasan”, Co-founder and CEO of Jawaker.
Global gaming company Stillfront Group acquires Jordan-based Jawaker
