Ludia Back in Québec Hands: A new era for Canada's largest independent mobile game studio
- Editor
- Mar 4
- 1 min read
Whats Happening:
Montréal-based video game studio Ludia has returned to Canadian ownership following a buyout led by local shareholders and senior management. Jimmy Gendron has been appointed CEO, and founder Alexandre Thabet is rejoining as a shareholder and Chairman of the Board. The transaction is backed by major investors, including Fonds de solidarité FTQ and Investissement Québec. Ludia aims to create 50 new jobs over the next year and explore acquisition opportunities.
Key Moves:
Ludia returns to Canadian ownership through local buyout
Jimmy Gendron appointed as new CEO
Company plans to create 50 new jobs and explore acquisitions
By The Numbers:
Ludia currently employs over 130 people
Company has generated over CAD 1.3 billion in revenue since inception
Ludia's games have over 500 million downloads
Key Quotes:
"This return to independence marks the beginning of an exciting new chapter for Ludia," said Jimmy Gendron, CEO
"It is with great emotion and immense pride that I take part in this announcement today," added Alexandre Thabet, founder and Chairman
"Investissement Québec is proud to help bring Ludia's ownership back to Québec," stated Claude Farrier, Executive Vice President, Private Equity, Investissement Québec
Bottom Line:
Ludia's return to Canadian ownership marks a significant milestone for the Montréal-based mobile game studio. With new leadership, financial backing, and ambitious growth plans, Ludia is poised to strengthen its position as Canada's largest independent mobile game studio and contribute to Montréal's status as a global video game hub.
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