Nintendo Co. Ltd. announced acquisition of SRD Co Ltd in February 2022
Nintendo Co. Ltd. (Nintendo) announced that it has entered into an agreement to acquire SRD Co Ltd (SRD) in February 2022. SRD is based in Tokyo and once the deal closes, which is expected in April 2022, SRD will become a wholly-owned subsidiary of Nintendo. SRD had previously helped with the programming and development of Nintendo games including Donkey Kong, Super Mario Bros and The Legend of Zelda. Nintendo pursued the acquisition as it will secure the availability of development resources for Nintendo and strengthen the management of SRD. Additionally, due to vertical integration, both companies are anticipating an improvement in software development efficiency.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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