LogInAfter nearly a decade of mutual admiration and friendship, the companies have united their forces.
Publisher Devolver Digital has recently acquired System Era Softworks, the developer behind Astroneer, in a deal worth up to $40 million. The news was officially announced through a press release by Devolver Digital. The acquisition will be fulfilled through a combination of cash and shares, with an initial consideration of $22 million. Devolver Digital sees this purchase as an opportunity to diversify beyond its core strength of premium indie titles, using System Era's expertise in Expandable Game style development, live operations technology, and existing intellectual property.
"The thing that excites me the most about System Era is the cultural and strategic fit with Devolver. 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," stated Devolver Digital's CEO Douglas Morin.
Speaking about the acquisition, Brendan Wilson, the CEO of System Era Works, has spoken about the history between these two companies.
"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 reach global audiences, and our developers will continue to work within the culture they love," shared Wilson.
Earlier this year, Devolver Digital announced its acquisition of Doinksoft, the developer behind Gato Roboto and Gunbrella.
For more information, you can read the official press release and the statement from System Era Works. Also, join our 80 Level Talent platform and our Telegram channel, follow us on Instagram, Twitter, and LinkedIn, where we share breakdowns, the latest news, awesome artworks, and more.
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