Video games services provider Keywords Studios has acquired UK-based Climax Studios for up to £43 million. The price includes an initial consideration of £20.2 million in cash and the equivalent of £6.8 million in new ordinary shares, with a deferred consideration of up to £16 million, in a mix of cash and new ordinary shares, payable based on targets being met over the year following completion. The deal is part of the groupâs strategy to become the major technical and creative services platform for the industry, and will bring significant additional scale to Keywords Studiosâ game development service line. Founded in 1988 Climax Studios provides game development services to the video games industry, employing 109 staff. The company has provided full game development, co-development, porting and technical consulting services to major games publishers including Sony, Microsoft, 2K, Codemasters and Electronic Arts. Among its recent titles are Silent Hill: Shattered Memories, Crackdown 3 and Returnal PS5.