Codemasters acquires Project Cars developer Slightly Mad Studios

Codemasters has acquired Project Cars developer Slightly Mad Studios, the company announced.

The studio acquisition includes the Project Cars franchise, as well as an “unannounced Hollywood blockbuster title.” Frank Sagnier will remain the CEO of Codemasters Group, while Ian Bell will retain his position as founder and CEO of Slightly Mad Studios. With the acquisition, Codemasters now employs 700 people with offices in London, Birmingham, Southam, and Runcorn.

“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,” said Codemasters CEO Frank Sagnier in a press release. “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 founder and CEO Ian Bell added, “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.”