World of Tanks developer Wargaming has acquired the ailing Gas Powered Games.

Gas Powered CEO and founder Chris Taylor stated recently that he had “bet the company” on the now-cancelled Wildman Kickstarter, and staff cuts swiftly followed.

Wargaming will take full ownership of Gas Powered Games, bringing into its fold a contingent of veteran developers including Taylor.

Gas Powered is responsible for critically acclaimed franchises such as Dungeon Siege and Supreme Commander.

"Gas Powered Games' heritage and development pedigree shows us just how valuable an addition Chris and his company will make to the Wargaming family," said Wargaming CEO Victor Kislyi.

"Gas Powered Games has a long track record of providing incredibly engaging AAA gaming experiences and we can't wait to start working with them."

"Wargaming growth in recent years has been tremendous, and we're looking forward to joining one of the fastest growing gaming companies in the world," said Gas Powered Games CEO Chris Taylor.

"I'm sure our experience and expertise will help us contribute even more to Wargaming's global success."

Belarus-based Wargaming acquired another US studio, F.E.A.R. 3 developer Day 1 Studios, last month.

Yesterday, Wargaming announced a new eSports league for World of Tanks.