Keywords Studios has continued its acquisition streak by picking up Mexico City-based localisation firm Localizadora Latam SC (LOLA) for up to $1.03 million.
As reported by Morningstar, the company will pay $480,000 in cash upfront, with the rest in 10,106 Keywords shares. An additional $350,000 will be paid if performance targets are met over the next two years.
LOLA is a studio which specialises in Latin American Spanish dubbing, localisation, and sound design services for games, TV, and more. It is said to complement Keyword's voice recording studio, Kite Team Mexico.
Another one for the collection
"We are thrilled to have Alejandro, Luis and the rest of the LOLA team joining the Audio Service Line," said Keywords Studios' Global Audio Service Line Director Andrea Ballista.
"Their skills and experience and access to talented voice actors in Mexico will increase our capacity for Latin American Spanish recording services and their expertise in dubbing film, TV and animated series will help extend our services in those markets."
The acquisition comes mere days after Keywords bought out work-for-hire developer Sperasoft for $27 million. It is unlikely the company will make any more acquisitions by the end of 2017, but one can never be too sure.