Magic Fuel Games, a San Francisco-based remote games development studio, has been acquired by Playstack, a major London-based games technology company. Kevin Shrapnell, co-founder and CEO of Magic Fuel Games, will join Playstack as Chief Operating Officer, bringing together former EA staff after a decade apart.
Playstack is a major video game publisher that collaborates with both external and internal teams to create a library of games that people want to play, emphasizing the need of cramming as much fun as possible into each release.
Along with existing Playstack successes Mortal Shell, Survival City, and Sniper vs. Thieves, the newly acquired studio will be releasing new games in 2023 and beyond. Playstack encourages each studio to be unique and helps them in achieving their goals by offering all of the resources necessary to help them achieve their maximum potential.
The acquisition brings together Playstack’s experience in game publishing and Magic Fuel’s prowess in the simulation genre
Playstack’s experience in game publishing will be combined with Magic Fuel’s expertise in the simulation and city-building genres. This new relationship brings together the talents of both firms to produce fun and engaging games for players, while also improving Playstack’s senior leadership team by bringing in new ideas and skills.
Kevin Shrapnell (CEO), Rajan Tande (CTO), Kip Katsarelis (CPO), and Chi Chan (Head of Art) co-founded Magic Fuel in 2015 to focus on the simulation and city-building genre, inspiring players’ imaginations with rich, living landscapes in which to develop and play. The acquisition of Magic Fuel by Playstack reunites former EA veterans after a decade apart. Harvey, Kevin, Raj, Kip, and Chi worked on a number of AAA games at EA, including the popular SimCity franchise.
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, said: “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.”
What are your thoughts on the fact that Playstack has acquired Magic Fuel Games? Let us know in the comments below!
For more Mobile Gaming news and updates, join our WhatsApp group, Telegram Group, or Discord server. Also, follow us on Google News, Instagram, and Twitter for quick updates.
