Nintendo announces that it has acquired SRD (Systems Research and Development). This company has helped develop some of the most iconic games. The latest are Animal Crossing: New Horizons and The Legend of Zelda: Breath of the Wild on Switch, as well as Mario Kart Tour on smartphones.
Nintendo gets its hands on SRD
The amount of Nintendo’s takeover of SRD is not publicly disclosed. Mario’s group is content to say that it now owns 100% of the outstanding shares of its partner.
“SRD is a development company that has been closely involved for almost four decades in the development of Nintendo video games,” Nintendo said in a statement. Founded in 1979, SRD began working with Nintendo on the Famicom, helping to develop the console version of donkey kongbut also of Super Mario Bros..
SRD is the second studio acquisition in just over a year from Nintendo, a company not known for buying out outside developers. In January 2021, Nintendo announced the acquisition of Next Level Games, the studio of Luigi’s Mansion 3 based in Vancouver, who is currently directing the next Mario Strikers.
Earlier this month, Nintendo boss Shuntaro Furukawa told investors they shouldn’t expect acquisitions that don’t “do not already have Nintendo DNA”.