Veteran racing developer Codemasters has announced the acquistion of fellow British racing house Slightly Mad Studios, adding the Project CARS series to its collection of racing brands alongside DIRT, GRID and the official F1 licence.
Codemasters paid $30M in cash and stock, according to GamesIndustry.biz. Slightly Mad CEO Ian Bell will remain head of the studio within Codemasters. Codemasters CEO Frank Sagnier reckoned that “more streaming services coming to market and the next generation of games consoles due in 2020” made this the perfect time for expansion.
Slightly Mad Studios was founded ten years ago and has specialised in racing games ever since, developing the two Need for Speed Shift games for EA and then its own Project CARS franchise, which has so far yielded two games published by Namco. It is currently working on an “unnanounced Hollywood blockbuster title” which is very probably a Fast and Furious game.