Kasedo Games Acquires Major Shareholding in Bulwark Studios

Deal seals exclusive partnership for future titles


Indie publisher Kasedo Games has today announced a deal which will see them become the majority shareholder in French development outfit Bulwark Studios, best known for the critically acclaimed turn-based tactical game, Warhammer 40,000: Mechanicus. The deal will see the pair work exclusively together going forward.


Bulwark Co-Founders Emmanuel Monnereau & Jérémy Guéry


Bulwark Studios is an indie game developer based in Angoulême, France co-founded by Emmanuel Monnereau & Jérémy Guéry in 2012. Focussing on strategic and tactical games, they released Crowntakers in 2014 and Warhammer 40,000: Mechanicus in 2018, which is still one of the highest user-rated Warhammer games on Steam.


Launched as the ‘digital first’ label of the Kalypso Media Group, UK-based Kasedo Games is a fully owned subsidiary of the German publisher. The Bulwark Studios deal is the first share acquisition in Kasedo’s portfolio following repeat publishing deals with indie developers SomaSim and Dapper Penguin Studios.


“We are delighted to welcome Bulwark Studios into the Kasedo family and wider Kalypso Media Group. Having worked with Emmanuel, Jeremy & team for the best part of a decade, we already know the quality that they deliver,” said Jonathan Hales, Managing Director of Kasedo Games. “Our next project together is already well underway and we have huge aspirations for its success. Knowing what we are due to announce next month and also the previous successes they have delivered for us in the past, it made total sense to do this deal now and invest in our bright collective future.”


“The team at Kasedo Games have been really close to us since the beginning of our first project together and have continued to offer us a huge amount of support. As an indie studio it is a real pleasure to work with a flexible publisher capable of adapting and redefining their strategy as the project evolves," said Emmanuel Monnereau co-founder of Bulwark Studios. “We’re really excited about what we’ve been working on and this deal was just a natural progression that will allow both companies to forge forward and create quality games.”


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