Konami of Europe to be restructured and renamed

Konami has announced plans to restructure and rebrand its European arm, establishing a new, wholly-owned subsidiary operating under the name of Konami Digital Entertainment GmbH.

From the start of the company's new financial year, Konami of Europe will be no more - instead, the publisher's PC, console, arcade and mobile businesses will be brought together under the new name.

"These are exciting times for Konami. We have a hard-earned reputation for producing cutting edge titles and stand on the cusp of a new era of video games as new formats are launched," said Konami Digital Entertainment GmbH president Kunio Neo.

"As such, this is a terrific time to grow our unified business under the new company name, and we foresee a time of great growth for Konami Digital Entertainment GmbH in the coming year and beyond.â