The London-based publisher Playstack announced the acquisition of Magic Fuel Games, a San Francisco-based remote games development studio. Magic Fuel Games is best known for its simulation city building games.
The acquisition also brings EA veterans back together after being almost a decade apart. This new partnership sees Kevin Shrapnell, co-founder and CEO of Magic Fuel Games take over the role of the chief operating officer at Playstack. With their combined talent the partners want to create entertaining and engaging games for players. This will also strengthen Playstack’s senior leadership thanks to Shrapnell’s insights and expertise in the market.
Magic Fuel Games will introduce new games come in 2023 and beyond under Playstack’s leadership. Playstack already has a gallery of successful titles such as Mortal Shell, Survival City, and Sniper vs. Thieves, but they’re hoping MGF will come up with new and unique ideas and the publisher ensures the new studio will be given all the resources needed to reach its full potential.
Harvey Elliott, Chief Executive Office at Playstack, said:
“I have a great deal of respect for the leadership team of Magic Fuel Games having worked with them at EA, and I am delighted to be working alongside them again through this acquisition. The addition of Magic Fuel brings further IP to the Playstack portfolio, adds revenue to 2022 and 2023 operations, and allows us to accelerate our strategic ambitions.”
Kevin Shrapnell, CEO at Magic Fuel Games, and COO of Playstack added:
“We have long admired the way in which Playstack approaches game publishing, and are thrilled to become part of this exciting organization. Magic Fuel and Playstack have a shared belief in the untapped potential that simulation-based games present, and we are delighted to be able to add our passion and expertise for this genre to that of the Playstack team.”
Playstack’s acquisition of Magic Fuel brings former EA veterans back together after a decade apart. While at EA, Harvey, Kevin, Raj, Kip, and Chi worked on many AAA games, including the very popular SimCity franchise.
