Codemasters Acquires Slightly Mad Studios

Two of the biggest names in racing video games will be joining forces. Codemasters, the company behind the F1 series, GRID and DiRT have agreed to purchase Slightly Mad Studios, the company behind Project Cars. Frank Sagnier will remain CEO of Codemasters Group plc which now includes Slightly Mad Studios and Ian Bell will retain his position of Founder and CEO of Slightly Mad Studios. About a year ago, Slightly Mad Studios had a new console in the works so this may certainly be out the window now.

The acquisition is certainly huge for Codemasters. Project Cars is the go-to true racing simulation on consoles and also has a very large community on PC. The first two titles in the series were wonderful additions and truly supplied the essence of racing to its players. “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 Frank Sagnier, Chief Executive Officer at Codemasters. “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.”