Nodwin Gaming Acquires German Esports Firm Freaks 4U for Rs 271 Crore

Nodwin Gaming Acquires German Esports Firm Freaks 4U for Rs 271 Crore

Nodwin Gaming, founded in 2015, quickly established itself as a pioneer in the Indian esports industry. From its inception, Nodwin set out to create a robust ecosystem for competitive gaming in India, focusing on organizing, promoting, and managing esports events and tournaments.

German Esports began its journey with a mission to establish Germany as a prominent hub in the global esports industry. Founded in the early 2000s, the organization aimed to create a professional and organized structure for competitive gaming in the country.

Nazara-backed Nodwin Gaming has announced that its Singapore-based subsidiary will acquire a 100% stake in German gaming company Freaks 4U in a share swap deal valued at Rs 271 crore ($32.6 million).

Nodwin’s Singapore unit currently holds a 13.51% stake in Freaks 4U and will initially increase its stake to 57%, with the remaining 43% to be acquired at a later date.

This acquisition is expected to significantly enhance Nodwin’s capabilities by integrating Freaks 4U’s expertise, experience and network. The two companies have been working together since Nodwin’s initial investment in January 2024, jointly delivering projects like the PUBG Mobile Global Open and Esports World Cup.

Nazara, Nodwin’s parent company, had announced plans to invest $100 million towards mergers and acquisitions over the next 24 months. This deal follows Nodwin’s recent acquisition of Comic Con India in January 2024.

The acquisition is expected to contribute to Nodwin’s revenue growth. Nazara reported a 4.3% increase in revenue from operations to Rs 1,138 crore in FY24, with Nodwin being one of its biggest revenue generators.