Tecmo Koei to acquire Gust Corporation

Tecmo Koei Holdings has signed a deal to buy all shares of Atelier Iris and Ar Tonelico publisher and developer Gust from its current single shareholder, Keiken Holdings, with the aim of making Gust a wholly owned subsidiary. The deal for the 495 shares cost ¥22 million (£181,000) and will be complete later this month.

Gust already works with Tecmo Koei subsidary Koei Tecmo Net, which distributes its games in Japan. In its announcement of the deal, Tecmo Koei said that it intends to develop Gust's IP further to capitalise on fan interest in it.