Nintendo has announced they will acquire Next Level Games, the developing company that has worked on the Luigi’s Mansion and Mario Strikes franchises.
The gaming giant will buy 100% of the outstanding shares of the Canadian-based developer, making Next Level Games a wholly owned subsidiary of Nintendo. Financial terms were not disclosed, but the acquisition is expected to go through on March 1st.
In Nintendo’s announcement, the company stated, “A number of owner-directors recently determined that the time is right for them to sell their shares, and NLG therefore began exploring potential sale transactions.”
Next Level Games’ first Nintendo-exclusive was Super Mario Strikes for GameCube back in 2005, followed by Mario Strikes Charged for the Wii. They also developed 2009’s Punch-Out!! (Wii), Luigi’s Mansion Dark Moon and Metroid Prime: Federation Force for the 3DS.
Previously, Next Levels Games was an independent company, working on games for Activision, such as Spider-Man: Friend or Foe and Transformers: Cybertron Adventures.
Nintendo also said only “minor effects” will take place for the current financial year due to the acquisition.