Expansion at Swedish games developer Yggdrasil

The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

The expansion will initially see relevant talent hired in Stockholm for new experienced graphics teams based in the city.

Meanwhile a new parent company, positioned on top of Yggdrasil’s existing corporate structure, will be formed to further establish the firm in Stockholm, one of the world’s leading technology cities.

Yggdrasil Gaming CEO Fredrik Elmqvist said in a company statement Wednesday:

“We are hugely excited to be establishing a new epicentre for Yggdrasil in Stockholm, the hometown of many of our team and a key centre of i-gaming excellence, and we will now start recruiting. With the maturity and consolidation of the industry in Stockholm, it is now the right time for Yggdrasil to enter the stage and provide something fresh.

“Yggdrasil has been acting as an independent company since inception. Our rapid progress means it is important we create a corporate structure that will enhance our growth potential in the future.”

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