Project Cars developer Slightly Mad Studios has been acquired by Codemasters. Both companies are known for making racing car gaming titles like Formula 1, Dirt Rally, and Project Cars.
Codemasters has said that they have bought Slightly Mad for $30 million. This was stated in the official announcement that was posted on the website. Frank Sagnier, the chief executive officer at Codemasters posted the statement talking about the acquisition.
We are delighted to bring such an incredible racing game developer to the Codemasters family, and this unequivocally establishes us as a global powerhouse in the development of racing titles. We share the same passion and vision and our new partnership will accelerate our growth. With more streaming services coming to market and the next generation of games consoles due in 2020, this is the perfect time for Codemasters to take its next step.
Slightly Mad Studios also came out with their own announcement, where the Founder of the studio and the current chief executive Ian Bell talked about the team’s excitement to take advantage of emerging platforms and technology.
Our combined racing games portfolio is the envy of the industry and this new partnership will enable us to learn from each other, share resources and take advantage of emerging platforms and technology. My team is excited to be joining Codemasters and we can’t wait to forge a relationship based on creativity, passion and the desire to create new racing experiences that excite and delight our communities.
Frank Sagnier will retain his position as the CEO of Codemasters, while the founder of Slightly Mad Studios Ian Bell will keep his position as the CEO and Founder of Slightly Mad. It will be interesting to see what new titles both these companies can produce together. Both Formula 1 and the Project Cars series of games have their loyal fan following, and rightfully so as the games have been really good over the years.
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