Electronic Arts, the world largest video game developer, announced the acquisition the creators of the Battlefield franchise on Monday, vowing to expand the franchise to next-generation consoles and platforms.

Sweden based Digital Illusions CE, or DICE, will continue to operate out of Stockholm, with management in tact.

'EA is thrilled to officially welcome this team of incredibly talented people and a globally recognized game franchise,' said Paul Lee, President of EA's Worldwide Studios. "The DICE studio has strong opportunity for growth as we build the Battlefield franchise and other new products. We're confident that our creative approach and business leadership principles are well matched to share future success.'

Dice's current CEO will become a general manager at EA.

The acquisition was completed via a merger through which EA acquired the assets and liabilities of DICE. It is effective immediately.