Devolver Digital Acquires Astroneer Developer System Era Softworks for $40 Million
Publisher Devolver Digital has acquired Astroneer developer System Era Softworks for a total consideration of up to USD 40 million.
The news was announced through an official press release from Devolver Digital just now. The total amount of $40 million will be satisfied by a combination of cash and shares of which US$22.0 million is due as an initial consideration. According to Devolver Digital, this purchase allows the publisher to expand outside of its "core strength of premium indie titles, leveraging System Era's knowledge of Expandable Game style development, as well as its live operations technology and existing IP".
Released in 2016, Astroneer has since been played by over 13 million people and generated over $87m in revenue. "The thing that excites me the most about System Era is the cultural and strategic fit with Devolver", Devolver Digital's CEO Douglas Morin said. "This is a highly experienced, talented group of developers who come with a proven hit, Astroneer, in its eighth year. Their know-how in Expandable Games development opens up a new player-base and revenue stream for Devolver. We are looking forward to bringing the fun to new players in new, innovative ways - and above all welcoming the team to Devolver in coming days and months."
System Era Works' CEO Brendan Wilson added, "Devolver and System Era have been mutual admirers for a long time. We've always seen Devolver's banner as a mark of quality, but they also represent an approach to developing and publishing games that is unique in the industry. Their developer-first orientation lets bold and unorthodox ideas thrive. We're thrilled to be joining into a confederation of like-minded people where System Era's games will get the support needed to
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