{{Short description|Swedish video game holding company}} {{Use British English|date=February 2021}} {{Use dmy dates|date=February 2021}} {{Infobox company | name = Thunderful Group AB | logo = Thunderful Group.svg | type = [[Subsidiary]] | traded_as = {{OMX|SSE210109|THUNDR}} | ISIN = {{ISIN|sl=n|pl=y|SE0015195888}} | industry = [[Video game industry|Video games]] | predecessor = Thunderful AB | founded = {{Start date and age|df=yes|2019|12}} | hq_location_city = [[Gothenburg]] | hq_location_country = Sweden | key_people = Martin Walfisz ([[Chief executive officer|CEO]]) | num_employees = 329<ref>{{Cite web |url=https://thunderfulgroup.com/media/xydncnd3/thunderful-group-interim-report-q2-2024.pdf |title=Q2 2024 |website=thunderfulgroup.com |access-date=22 August 2024 |archive-date=22 August 2024 |archive-url=https://web.archive.org/web/20240822163301/https://thunderfulgroup.com/media/xydncnd3/thunderful-group-interim-report-q2-2024.pdf |url-status=live }}</ref> | num_employees_year = 2024 | parent = [[Atari SA]] (2025–present) | subsid = See {{section link||Operational groups}} | website = {{URL|https://thunderfulgroup.com/}} }}
'''Thunderful Group AB''' is a Swedish video game [[holding company]] based in [[Gothenburg]] and subsidiary of the [[Atari SA]] holding company. It was founded in December 2019 through a merger between '''Thunderful AB''' ([[Bergsala Holding]]'s video game holding) and Bergsala Holding's distribution business, consisting of [[Bergsala]], Amo Toys, and [[Nordic Game]] Supply.
The former Thunderful had been founded in December 2017 between Bergsala Holding, Brjánn Sigurgeirsson, and Klaus Lyngeled, incorporating Sigurgeirsson and Lyngeled's [[indie game]] studios—[[Image & Form]] and [[Zoink]]—and acquiring the publisher [[Rising Star Games]] from Bergsala Holding in July 2018. Thunderful Group has since acquired further developers, the publisher [[Headup Games]], and the consultancy firm Robot Teddy. Atari acquired Thunderful in August 2025.
== History == [[Image & Form]] and [[Zoink]], two [[independent video game developer]]s based in [[Gothenburg]], developed a close relationship through their founders and [[chief executive officer]]s (CEOs), Brjánn Sigurgeirsson and Klaus Lyngeled, respectively, became "practically best friends". Although the two studios were separated by the [[Göta älv]], Sigurgeirsson and Lyngeled met frequently due to the small size of Gothenburg's indie scene. Among other things, Image & Form and Zoink shared testing activities and marketing capabilities.<ref name="IGN: background">{{cite web |url=https://www.ign.com/articles/2018/01/25/two-best-friends-are-running-two-of-europes-most-exciting-developers |title=Two Best Friends Are Running Two of Europe's Most Exciting Developers |first=Joe |last=Skrebels |date=25 January 2018 |website=[[IGN]] |access-date=12 July 2019 |archive-url=https://web.archive.org/web/20190711223802/https://www.ign.com/articles/2018/01/25/two-best-friends-are-running-two-of-europes-most-exciting-developers |archive-date=11 July 2019 |url-status=live}}</ref> In 2011, [[Bergsala Holding]] (the [[parent company]] of [[Bergsala]], [[Nintendo]]'s exclusive distribution partner in Sweden) acquired 50% of Image & Form.<ref name="GIbiz: IPO">{{cite web |url=https://www.gamesindustry.biz/articles/2020-12-01-steamworld-firm-thunderfuls-quest-to-become-aa-starts-with-an-ipo |title=SteamWorld firm Thunderful's quest to become AA starts with an IPO |first=James |last=Batchelor |date=1 December 2020 |website=[[GamesIndustry.biz]] |access-date=24 February 2020 |archive-date=1 December 2020 |archive-url=https://web.archive.org/web/20201201155642/https://www.gamesindustry.biz/articles/2020-12-01-steamworld-firm-thunderfuls-quest-to-become-aa-starts-with-an-ipo |url-status=live}}</ref> When Sigurgeirsson eventually introduced Lyngeled to the company, Bergsala Holding also acquired half of Zoink in 2014.<ref name="IGN: background" /><ref name="Thunderful Group: History">{{cite web |url=https://thunderfulgroup.com/about-us/history |title=History |publisher=Thunderful Group |year=2020 |access-date=24 February 2021 |archive-date=30 November 2020 |archive-url=https://web.archive.org/web/20201130133531/https://thunderfulgroup.com/about-us/history |url-status=live}}</ref>
Sigurgeirsson, Lyngeled and Bergsala Holding decided to merge the two studios and created Thunderful as their [[parent company]] in December 2017.<ref name="Gamasutra: Rising Star">{{cite web |url=https://www.gamedeveloper.com/business/uk-publisher-rising-star-games-acquired-by-thunderful |title=UK publisher Rising Star Games acquired by Thunderful |first=Chris |last=Kerr |date=3 July 2018 |website=[[Gamasutra]] |access-date=12 July 2019 |archive-url=https://web.archive.org/web/20180930174731/http://www.gamasutra.com/view/news/321253/UK_publisher_Rising_Star_Games_acquired_by_Thunderful.php |archive-date=30 September 2018 |url-status=live}}</ref><ref name="Nintendo Life: founding">{{cite web |url=http://www.nintendolife.com/news/2018/01/image_and_form_and_zoink_games_join_forces_under_new_company_thunderful |title=Image & Form And Zoink! Games Join Forces Under New Company Thunderful |first=Damien |last=McFerran |date=25 January 2018 |website=[[Nintendo Life]] |access-date=12 July 2019 |archive-url=https://web.archive.org/web/20181006075445/http://www.nintendolife.com/news/2018/01/image_and_form_and_zoink_games_join_forces_under_new_company_thunderful |archive-date=6 October 2018 |url-status=live}}</ref> The company was jointly owned by the founding parties: Bergsala Holding held a 50% stake and Sigurgeirsson and Lyngeled 25% each.<ref name="Gamasutra: Rising Star" /><ref name="GIbiz: Rising Star">{{cite web |url=https://www.gamesindustry.biz/articles/2018-07-03-thunderful-acquires-uk-and-us-publisher-rising-star-games |title=Thunderful acquires UK and US publisher Rising Star Games |first=Christopher |last=Dring |date=3 July 2018 |website=[[GamesIndustry.biz]] |access-date=12 July 2019 |archive-url=https://web.archive.org/web/20190510045233/https://www.gamesindustry.biz/articles/2018-07-03-thunderful-acquires-uk-and-us-publisher-rising-star-games |archive-date=10 May 2019 |url-status=live}}</ref> Sigurgeirsson and Lyngeled became the CEO and [[chief creative officer]] (CCO), respectively, of Thunderful, while both remained CEOs of their respective studios. The move was announced in January 2018, at which point Thunderful had 46 employees.<ref name="Nintendo Life: founding" /><ref>{{cite web |url=https://www.gamesindustry.biz/articles/2018-01-25-image-and-form-and-zoink-merge-to-form-new-games-label |title=Image & Form and Zoink merge to form new games label |first=Christopher |last=Dring |date=25 January 2018 |website=[[GamesIndustry.biz]] |access-date=12 July 2019 |archive-url=https://web.archive.org/web/20190711223801/https://www.gamesindustry.biz/articles/2018-01-25-image-and-form-and-zoink-merge-to-form-new-games-label |archive-date=11 July 2019 |url-status=live}}</ref> Alongside the merger, a publishing arm called Thunderful Publishing AB was set up to handle third-party game publishing.<ref name="GIbiz: Rising Star" /> Ed Valiente, the former [[business development]] manager for [[Nintendo of Europe]], joined Thunderful as head of publishing in April 2018 and became the [[managing director]] for Thunderful Publishing.<ref name="GIbiz: Rising Star" /><ref>{{cite web |url=https://www.gamesindustry.biz/articles/2018-04-09-jobs-roundup-dave-haynes-to-head-up-vive-x-europe |title=Jobs roundup: Dave Haynes installed as director at Vive X Europe |first=Haydn |last=Taylor |date=9 April 2018 |website=[[GamesIndustry.biz]] |access-date=12 July 2019 |archive-url=https://web.archive.org/web/20190711231621/https://www.gamesindustry.biz/articles/2018-04-09-jobs-roundup-dave-haynes-to-head-up-vive-x-europe |archive-date=11 July 2019 |url-status=live}}</ref> That July, Thunderful acquired Rising Star Games from Bergsala Holding. Valiente subsequently became the managing director for Rising Star Games, replacing the departing Martin Defries, while retaining his previous positions.<ref name="Gamasutra: Rising Star" /><ref name="GIbiz: Rising Star" />
In December 2019, Bergsala Holding combined its distribution businesses—[[Bergsala]], Amo Toys, and Nordic Game Supply—with Thunderful, creating the Thunderful Group.<ref name="GIbiz: IPO" /><ref name="Thunderful Group: Announcement">{{cite press release |url=https://thunderfulgroup.com/news-room/press-releases/2020-01-30-super-mario-is-now-a-part-of-the-thunderful-group |title=Super Mario is now a part of the Thunderful Group |publisher=Thunderful Group |date=30 January 2020 |access-date=26 February 2021 |archive-date=30 November 2020 |archive-url=https://web.archive.org/web/20201130133100/https://thunderfulgroup.com/news-room/press-releases/2020-01-30-super-mario-is-now-a-part-of-the-thunderful-group |url-status=live}}</ref> The new company was organised into three operational groups: Thunderful Development, containing Image & Form and Zoink; Thunderful Publishing, containing Thunderful Publishing AB and Rising Star Games; and Thunderful Distribution, containing Bergsala, Amo Toys, and Nordic Game Supply.<ref name="Thunderful Group: Announcement" /> The group remained under the shared ownership of Bergsala Holding, Sigurgeirsson and Lyngeled, and kept its headquarters in Gothenburg.<ref name="Thunderful Group: Announcement" /> Sigurgeirsson, who became Thunderful Group's CEO, stated that the merger was highly beneficial but evidenced that further financing was needed for future growth, leading Thunderful Group to eye an [[initial public offering]] (IPO). Bergsala, as the group's largest entity, was entirely dependent on its partnership with Nintendo at this time.<ref name="GIbiz: IPO" />
In February 2020, Thunderful Group acquired Guiding Rules Games AB (Guru Games), a developer based in [[Skövde]]. Through the buyout, Thunderful Games' employee count rose to 170.<ref>{{cite press release |url=https://thunderfulgroup.com/news-room/press-releases/2020-02-06-thunderful-group-acquires-game-developer-guru-games |title=Thunderful Group acquires game developer Guru Games |publisher=Thunderful Group |date=6 February 2020 |access-date=26 February 2021 |archive-date=30 November 2020 |archive-url=https://web.archive.org/web/20201130145410/https://thunderfulgroup.com/news-room/press-releases/2020-02-06-thunderful-group-acquires-game-developer-guru-games |url-status=live}}</ref> Later that year, Thunderful Group merged Image & Form, Zoink, and Guru Games to form Thunderful Development AB.<ref name="Thunderful Group: History" /> Thunderful Development opened a fourth studio in Malmö that June.<ref>{{cite press release |url=https://thunderfulgroup.com/news-room/press-releases/2020-06-16-thunderful-development-opens-studio-i-malmo |title=Thunderful Development opens studio i Malmö |publisher=Thunderful Group |date=16 June 2020 |access-date=26 February 2021 |archive-date=30 November 2020 |archive-url=https://web.archive.org/web/20201130134530/https://thunderfulgroup.com/news-room/press-releases/2020-06-16-thunderful-development-opens-studio-i-malmo |url-status=live}}</ref> In September 2020, the company opened an online merch store.<ref>{{cite web |url=https://www.nintendolife.com/news/2020/09/thunderful_opens_its_own_store_kicks_things_off_with_limited_edition_steamworld_goodies |title=Thunderful Opens Its Own Store, Kicks Things Off With Limited Edition SteamWorld Goodies |first=Ryan |last=Craddock |date=22 September 2020 |website=[[Nintendo Life]] |access-date=26 February 2021 |archive-date=21 October 2020 |archive-url=https://web.archive.org/web/20201021075102/https://www.nintendolife.com/news/2020/09/thunderful_opens_its_own_store_kicks_things_off_with_limited_edition_steamworld_goodies |url-status=live}}</ref> Thunderful Group acquired the British studio Coatsink for about {{GBP|23 million|link=yes}} in October 2020,<ref>{{cite web |url=https://www.gamesindustry.biz/articles/2020-10-05-thunderful-group-acquires-coatsink |title=Thunderful Group acquires Coatsink |first=Marie |last=Dealessandri |date=5 October 2020 |website=[[GamesIndustry.biz]] |access-date=24 February 2021 |archive-date=24 February 2021 |archive-url=https://web.archive.org/web/20210224112357/https://www.gamesindustry.biz/articles/2020-10-05-thunderful-group-acquires-coatsink |url-status=live}}</ref> followed by the Swedish developer Station Interactive AB (The Station) to undisclosed terms in November. Its 35 employees were transferred to Thunderful Development.<ref>{{cite web |url=https://www.gamesindustry.biz/articles/2020-11-13-thunderful-acquires-station-interactive |title=Thunderful acquires Station Interactive |first=Rebekah |last=Valentine |date=13 November 2020 |website=[[GamesIndustry.biz]] |access-date=24 February 2021 |archive-date=24 February 2021 |archive-url=https://web.archive.org/web/20210224110823/https://www.gamesindustry.biz/articles/2020-11-13-thunderful-acquires-station-interactive |url-status=live}}</ref><ref>{{cite web |url=https://www.gamedeveloper.com/business/thunderful-acquires-long-time-i-littlebigplanet-i-collaborator-station-interactive |title=Thunderful acquires long-time ''LittleBigPlanet'' collaborator Station Interactive |first=Chris |last=Kerr |date=16 November 2020 |website=[[Gamasutra]] |access-date=26 February 2021 |archive-date=17 January 2021 |archive-url=https://web.archive.org/web/20210117220340/https://www.gamasutra.com/view/news/373760/Thunderful_acquires_longtime_LittleBigPlanet_collaborator_Station_Interactive.php |url-status=live}}</ref>
By November 2020, Thunderful Group was preparing an IPO via the Premier Growth Market of the [[Nasdaq First North]], expecting to raise {{SEK|750 million|link=yes}}.<ref>{{cite web |url=https://www.gamesindustry.biz/articles/2020-11-17-thunderful-group-prepares-for-ipo-on-nasdaq-first-north-premier |title=Thunderful Group prepares for IPO on NASDAQ First North Premier |first=James |last=Batchelor |date=17 November 2020 |website=[[GamesIndustry.biz]] |access-date=26 February 2021 |archive-date=24 February 2021 |archive-url=https://web.archive.org/web/20210224112408/https://www.gamesindustry.biz/articles/2020-11-17-thunderful-group-prepares-for-ipo-on-nasdaq-first-north-premier |url-status=live}}</ref> The company began trading on 7 December 2020.<ref name="FY2020">{{cite web |url=https://www.gamesindustry.biz/articles/2021-02-24-thunderful-group-full-year-revenues-rise-to-usd374m-despite-q4-profit-drop |title=Thunderful Group full-year revenues rise to $374m despite Q4 profit drop |first=James |last=Batchelor |date=24 February 2021 |website=[[GamesIndustry.biz]] |access-date=26 February 2021 |archive-date=25 February 2021 |archive-url=https://web.archive.org/web/20210225041221/https://www.gamesindustry.biz/articles/2021-02-24-thunderful-group-full-year-revenues-rise-to-usd374m-despite-q4-profit-drop |url-status=live}}</ref> In its 2020 fiscal year, the company recorded a 46% rise in revenues alongside a fall of net profit by 20%.<ref name="FY2020" /> Thunderful Group announced that it would acquire German publisher and developer [[Headup Games]] in February 2021 in a deal worth up to {{Euro|11 million|link=yes}}.<ref>{{cite web |url=https://www.gamesindustry.biz/articles/2021-02-24-thunderful-group-acquires-bridge-constructor-publisher-headup-in-11m-deal |title=Thunderful acquires Bridge Constructor publisher Headup in €11m deal |first=James |last=Batchelor |date=24 February 2021 |website=[[GamesIndustry.biz]] |access-date=24 February 2021 |archive-date=25 February 2021 |archive-url=https://web.archive.org/web/20210225041118/https://www.gamesindustry.biz/articles/2021-02-24-thunderful-group-acquires-bridge-constructor-publisher-headup-in-11m-deal |url-status=live}}</ref> With the acquisition, Headup's founder and [[managing director]], Dieter Schoeller, is to become Thunderful Group's head of publishing.<ref>{{cite web |url=https://www.gameswirtschaft.de/wirtschaft/thunderful-group-kauft-headup/ |title=Headup: Thunderful Group kauft Dürener Indie-Publisher |language=de |trans-title=Headup: Thunderful Group buys Düren indie publisher |first=Petra |last=Fröhlich |date=24 February 2011 |website=GamesWirtschaft |access-date=26 February 2021 |archive-date=24 February 2021 |archive-url=https://web.archive.org/web/20210224124259/https://www.gameswirtschaft.de/wirtschaft/thunderful-group-kauft-headup/ |url-status=live}}</ref> The acquisition was to close by 31 March 2021.<ref>{{cite web |url=https://www.gematsu.com/2021/02/thunderful-group-to-acquire-headup |title=Thunderful Group to acquire Headup |first=Sal |last=Romano |date=24 February 2021 |website=Gematsu |access-date=26 February 2021 |archive-date=25 February 2021 |archive-url=https://web.archive.org/web/20210225094100/https://www.gematsu.com/2021/02/thunderful-group-to-acquire-headup |url-status=live}}</ref>
In August 2021, Thunderful Group acquired 91% of Jugo Mirkovic's development studio To the Sky for a symbolic fee, as well as the film studio Tussilago for {{SEK|1 million}}.<ref>{{cite web |url=https://www.gamesindustry.biz/articles/2021-08-10-thunderful-acquires-to-the-sky-games-studio |title=Thunderful acquires To The Sky games studio |first=Christopher |last=Dring |date=10 August 2021 |website=[[GamesIndustry.biz]] |access-date=12 August 2021 |archive-date=10 August 2021 |archive-url=https://web.archive.org/web/20210810190223/https://www.gamesindustry.biz/articles/2021-08-10-thunderful-acquires-to-the-sky-games-studio |url-status=live}}</ref> In September 2021, Thunderful Group acquired Madrid, Spain-based developer Stage Clear Studios in a deal worth up to €2.5 million.<ref>{{cite web |url=https://www.gematsu.com/2021/09/thunderful-group-acquires-stage-clear-studios |title=Thunderful Group acquires Stage Clear Studios |first=Sal |last=Romano |date=2 September 2021 |website=Gematsu |access-date=2 September 2021 |archive-date=2 September 2021 |archive-url=https://web.archive.org/web/20210902151627/https://www.gematsu.com/2021/09/thunderful-group-acquires-stage-clear-studios |url-status=live }}</ref> Alongside purchasing the consultancy firm Robot Teddy in October that year, Thuderful Group established Thunderful Investment and two funds, one for game prototypes and one for [[virtual reality]] games, as part of the Thunderful Games segment.<ref>{{cite web |url=https://www.nintendolife.com/news/2021/10/thunderful-acquires-robot-teddy-to-expand-into-game-investment |title=Thunderful Acquires Robot Teddy To Expand Into Game Investment |first=Thomas |last=Whitehead |date=27 October 2021 |website=[[Nintendo Life]] |access-date=29 October 2021 |archive-date=29 October 2021 |archive-url=https://web.archive.org/web/20211029092008/https://www.nintendolife.com/news/2021/10/thunderful-acquires-robot-teddy-to-expand-into-game-investment |url-status=live }}</ref> In November, Thunderful acquired [[mobile game]] developer Early Morning Studio.<ref>{{cite web |url=https://www.gamesindustry.biz/articles/2021-11-16-thunderful-acquires-early-morning-studio |title=Thunderful acquires Early Morning Studio |first=James |last=Batchelor |date=16 November 2021 |website=[[GamesIndustry.biz]] |access-date=16 November 2021}}</ref>
In November 2022, Thunderful acquired British developer Jumpship, creator of ''[[Somerville (video game)|Somerville]]'', for an undisclosed sum.<ref>{{cite web|last=Batchelor|first=James|title=Thunderful acquires Jumpship as studio launches debut title Somerville|url=https://www.gamesindustry.biz/thunderful-acquires-jumpship-as-studio-launches-debut-title-somerville|website=GamesIndustry.biz|date=November 15, 2022|access-date=15 November 2022|archive-date=23 May 2024|archive-url=https://web.archive.org/web/20240523004727/https://www.gamesindustry.biz/thunderful-acquires-jumpship-as-studio-launches-debut-title-somerville|url-status=live}}</ref> On 17 January 2024 Thunderful cut 20% of its workforce, amounting to around 100 layoffs.<ref>{{Cite web |last=Dealessandri |first=Marie |date=2024-01-17 |title=Thunderful announces restructuring that will cut 20% of its workforce |url=https://www.gamesindustry.biz/thunderful-announces-restructuring-that-will-cut-20-of-its-workforce |access-date=2024-03-04 |website=GamesIndustry.biz |language=en |archive-date=28 June 2024 |archive-url=https://web.archive.org/web/20240628175219/https://www.gamesindustry.biz/thunderful-announces-restructuring-that-will-cut-20-of-its-workforce |url-status=live }}</ref> In March 2024, the Thunderful Group announced its plan to divest HeadUp Games<ref name=":0">{{Cite web |title=2024-03-27 Thunderful Group to divest Headup |url=https://thunderfulgroup.com/news-room/press-releases/2024-03-27-thunderful-group-to-divest-headup/ |access-date=2024-06-09 |website=Thunderful Group AB |language=en |archive-date=17 April 2024 |archive-url=https://web.archive.org/web/20240417002216/https://thunderfulgroup.com/news-room/press-releases/2024-03-27-thunderful-group-to-divest-headup |url-status=live }}</ref> and later in April 2024, it was announced that Nordic Game Supply will also be divested.<ref name=":2">{{Cite web |title=2024-04-26 Thunderful Group divests operations in Nordic Game Supply |url=https://thunderfulgroup.com/news-room/press-releases/2024-04-26-thunderful-group-divests-operations-in-nordic-game-supply/ |access-date=2024-07-01 |website=Thunderful Group AB |language=en |archive-date=1 July 2024 |archive-url=https://web.archive.org/web/20240701134555/https://thunderfulgroup.com/news-room/press-releases/2024-04-26-thunderful-group-divests-operations-in-nordic-game-supply |url-status=live }}</ref>
In May 2024, Thunderful announced they would close Stage Clear Studios as part of a restructuring effort.<ref name=":1">{{cite web|last=Allen|first=Joseph|title=Thunderful Games Closes Studio as Revenue Falls|url=https://techraptor.net/gaming/news/thunderful-closes-studio-financials|website=TechRaptor|date=May 15, 2024|access-date=20 May 2024|archive-date=20 May 2024|archive-url=https://web.archive.org/web/20240520152312/https://techraptor.net/gaming/news/thunderful-closes-studio-financials|url-status=live}}</ref> It was also announced that Thunderful Group plans to divest the complete distribution business, which includes AMO Toys and [[Bergsala]], to Bergsala NDP AB. The plan is to transform Thunderful Group into a company with focus on game development and game publishing.<ref>{{Cite web |title=2024-05-21 Thunderful Group AB (publ) to divest the remaining distribution businesses to become a pure-play games company |url=https://thunderfulgroup.com/news-room/press-releases/2024-05-21-thunderful-group-ab-publ-to-divest-the-remaining-distribution-businesses-to-become-a-pure-play-games-company/ |access-date=2024-06-09 |website=Thunderful Group AB |language=en}}</ref>
[[Atari SA]] planned an {{SEK|50 million}} investment into Thunderful in July 2025, which would give Atari around 82% of the controlling shares in the company. As part of this acquisition, Atari plans to restructure Thunderful and its five studios.<ref>{{Cite web | title=Atari enters into an agreement to invest in Thunderful | url=https://www.globenewswire.com/news-release/2025/07/29/3122984/0/en/Atari-enters-into-an-agreement-to-invest-in-Thunderful-Group-AB.html | access-date=2025-08-18 | website=www.globenewswire.com | archive-date=29 July 2025 | archive-url=https://web.archive.org/web/20250729115233/https://www.globenewswire.com/news-release/2025/07/29/3122984/0/en/Atari-enters-into-an-agreement-to-invest-in-Thunderful-Group-AB.html | url-status=live }}</ref> Shareholders of Thunderful Group approved the acquisition by Atari SA on August 28, 2025, making Atari its majority shareholder.<ref>{{Cite web |last=Hood |first=Vic |date=2025-08-28 |title=Thunderful Group shareholders approve $5.3 million Atari acquisition |url=https://www.gamesindustry.biz/thunderful-group-shareholders-approve-53-million-atari-acquisition |access-date=2025-08-28 |website=GamesIndustry.biz |language=en |archive-date=28 August 2025 |archive-url=https://web.archive.org/web/20250828172437/https://www.gamesindustry.biz/thunderful-group-shareholders-approve-53-million-atari-acquisition |url-status=live }}</ref>
== Operational groups == Thunderful Groups formerly had two operational groups: the distribution group containing the distribution businesses, and the games group covering the development, investment, and publishing of games.<ref>{{cite press release |url=https://thunderfulgroup.com/media/wugbm2lb/thunderful_q3_2021_eng.pdf |title=Thunderful Group Interim Report January – September 2021 |date=16 November 2021 |publisher=Thunderful Group |access-date=29 November 2021 |archive-date=29 November 2021 |archive-url=https://web.archive.org/web/20211129162827/https://thunderfulgroup.com/media/wugbm2lb/thunderful_q3_2021_eng.pdf |url-status=live }}</ref> As of July 2024, the distribution business was divested, transforming the company into a "pure-play games company".<ref name=":3">{{Cite web |title=2024-06-28 Thunderful Group AB (publ) has today divested AMO Toys AB, Bergsala Aktiebolag, Thunderful 1 AB and Thunderful Solutions AB to Bergsala NDP AB, thereby becoming a pure-play games company |url=https://thunderfulgroup.com/news-room/press-releases/2024-06-28-thunderful-group-ab-publ-has-today-divested-amo-toys-ab-bergsala-aktiebolag-thunderful-1-ab-and-thunderful-solutions-ab-to-bergsala-ndp-ab-thereby-becoming-a-pure-play-games-company/ |access-date=2024-07-01 |website=Thunderful Group AB |language=en |archive-date=1 July 2024 |archive-url=https://web.archive.org/web/20240701134555/https://thunderfulgroup.com/news-room/press-releases/2024-06-28-thunderful-group-ab-publ-has-today-divested-amo-toys-ab-bergsala-aktiebolag-thunderful-1-ab-and-thunderful-solutions-ab-to-bergsala-ndp-ab-thereby-becoming-a-pure-play-games-company |url-status=live }}</ref>
=== Current subsidiaries === * Development ** Coatsink ** Early Morning Studio ** Thunderful Development AB *** Thunderful Development Malmö ** To the Sky * Investment ** Robot Teddy * Publishing ** [[Rising Star Games|Thunderful Games Limited]] ** Thunderful Publishing AB
=== Former subsidiaries ===
* Stage Clear Studios (closed in 2024)<ref name=":1" /> * [[Headup Games]] (sold in 2024)<ref name=":0" /><ref>{{Cite web |title=2024-05-22 Announcement from Extraordinary General Meeting in Thunderful Group AB (publ) held on 22 May 2024 |url=https://thunderfulgroup.com/news-room/press-releases/2024-05-22-announcement-from-extraordinary-general-meeting-in-thunderful-group-ab-publ-held-on-22-may-2024/ |access-date=2024-06-09 |website=Thunderful Group AB |language=en}}</ref> * Nordic Game Supply (divested in 2024)<ref name=":2" /> * [[Bergsala]] (sold in 2024)<ref name=":3" /> * Amo Toys (sold in 2024)<ref name=":3" /> * Studio Fizbin (closed in 2025)<ref>{{Cite web |title=An Update on Studio Fizbin {{!}} Thunderful Games |url=https://thunderfulgames.com/an-update-on-studio-fizbin/ |access-date=2025-08-07 |language=en |archive-date=5 August 2025 |archive-url=https://web.archive.org/web/20250805011428/https://thunderfulgames.com/an-update-on-studio-fizbin/ |url-status=live }}</ref> * Jumpship (sold in 2025)<ref>{{Cite web |last=McEvoy |first=Sophie |date=2025-02-12 |title=Jumpship co-founder reacquires studio from Thunderful |url=https://www.gamesindustry.biz/jumpship-co-founder-reacquires-studio-from-thunderful |access-date=2025-02-13 |website=GamesIndustry.biz |language=en |archive-date=13 February 2025 |archive-url=https://web.archive.org/web/20250213161726/https://www.gamesindustry.biz/jumpship-co-founder-reacquires-studio-from-thunderful |url-status=live }}</ref>
== References == {{Reflist}}
== External links == * {{Official website|https://thunderfulgroup.com/}}
{{Authority control}}
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