Winking Studios, the outsourcing company, set to acquire China’s Mineloader

Asian triple-A outsourcing powerhouse, Winking Studios, has successfully completed the acquisition of China-based Mineloader.

The deal is valued at a substantial £16.3 million, which translates to about $19.87 million. This amount includes an immediate payment of $14.7 million, with the remaining balance to be disbursed over the next five years, contingent upon Mineloader’s achievement of specific performance targets from their headquarters in Shanghai.

Established in 2003, Mineloader specializes in art outsourcing and has carved out a niche in this sector.

Winking Studios’ CEO and founder, Johnny Jan, expressed the significance of the acquisition: “This is our biggest purchase to date and signifies a crucial advancement in our strategy to strengthen our foothold in the global video games arena. It unleashes a wealth of opportunities for expansion and creativity.”

He added, “Game art plays a vital role in the developmental process of video games. It forms the visual backbone and innovative spirit that captivate players, ultimately defining their gaming journey. Mineloader, with its impressive history and focus on game art production, employs a talented team of over 460 professionals. This will significantly enhance our team of more than 800, expanding our service range in this area while bringing in new clientele. Additionally, Mineloader’s well-rooted experience and presence in the Japanese market further enrich our Group’s business network, adding considerable value.”