Nintendo has announced that it has acquired SRD Co., Ltd, which will now be made into a wholly-owned subsidiary of Nintendo, with the acquisition being expected to close on April 1, 2022. SRD had been working alongside Nintendo for around forty years, to the point of positioning its Kyoto office in the Nintendo Development Center. SRD has helped in the development of a number of Nintendo games such as Game Builder Garage and Animal Crossing: New Horizons.
SRD is a development company which has been closely involved for nearly four decades in developing Nintendo video game software.
Completion of the Acquisition (exclusive of treasury stock) will serve to strengthen the management base of SRD and secure the availability of software development resources for Nintendo, in addition to facilitating an anticipated improvement in software development efficiency.
The Acquisition is expected to close on April 1, 2022, pending satisfaction of all relevant terms and; customary closing conditions.
Given that Nintendo also acquired Next Level Games, which also worked closely with Nintendo, it is possible the publisher may look to acquire more of its partners, as it did say acquisitions would be those that have the “Nintendo DNA’ as opposed to purchasing outside companies, which Nintendo said was not in the plans.