Bandai Namco Entertainment Europe (BNEE) has acquired a minority stake in Limbic Entertainment, the German development studio behind titles such as Tropico 6, Memories of Mars and Heroes of Might & Magic.

Though the announcement comes Tuesday, the acquisition went into effect on Dec. 30 and follows BNEE’s acquisition of Reflector Entertainment in September. These acquisitions are designed to achieve BNEE’s key priority of creating and owning more IPs.

“We are happy to announce our partnership and acquisition of a minority stake in Limbic Entertainment. [They fit] perfectly within the strategy we set out for Bandai Namco Entertainment Europe,” said Arnaud Muller, BNEE chief operating officer. “They will be working on two new franchises.”