Virtuos has acquired Vietnam-based 3D and 2D art production studio Glass Egg for an undisclosed amount.
The global development company said the purchase would “significantly boost” its art production and game development capabilities.
Glass Egg currently employs over 400 workers at its base in Ho Chi Minh City and has contributed to notable triple-A projects including Marvel’s Spiderman, Jurassic world evolutionand Call of Duty: Modern Warfare.
“We are delighted to bring the Glass Egg team into the Virtuos family. With its strong brand value, combined with its significant and long-term local operations, Glass Egg demonstrates excellent synergies with Virtuos, and we are looking forward to harnessing our combination of expertise to reinforce our commitment to excellence,” said Gilles Langourieux, CEO of Virtuos.
After the acquisition, Glass Egg will be rebranded as “Glass Egg – A Virtuos Studio” but will continue to operate independently under the same management team.
Virtuos already has a presence in Vietnam, having bought French-Vietnamese art studio Sparx in 2011. Like Glass Egg, Sparx is also based in Ho Chi Minh City.
The company now intends to open another studio in the region in June 2022, increasing its number of local employees to 1,500 to become the largest game development operation in Vietnam.
Earlier this year, Virtuos secured $150 million to accelerate its growth plans by executing a global “buy and build strategy”.