PRESS RELEASE: Nacon increases to 53% its stake in the capital of Lunar Great Wall Studios, a video game developer- known und...
October 22 2020 - 12:06PM
PRESS RELEASE: Nacon increases to 53% its stake in the capital of
Lunar Great Wall Studios, a video game developer- known under the
“Raceward” label.
Press release
Lesquin, 22 October 2020, 18:00
Nacon increases to 53% its stake in the
capital of Lunar Great Wall Studios, a video game developer- known
under the “Raceward” label.
Nacon announces that it now owns 53% of the
capital of Lunar Great Wall Studios Srl, better known under its
'RaceWard Studio' commercial label. The studio is in charge of the
development of the game RiMS Racing for the Nacon Group, a
realistic and ambitious motorbike racing simulation, introducing
many new game mechanics for the genre.
After acquiring a 43.15% stake in the studio's
capital in July 2019, Nacon acquired a further 10.00% on 19 October
2020 from Marco Ponte, the studio's founding CEO. Marco Ponte,
together with 2 other shareholders, holds the remaining 46.85 % of
the capital.
This operation reflects Nacon's desire to move
upstream in the video game production chain to position itself as a
developer-publisher. This increase in the capital of RaceWard
Studio enables the Group to secure the high quality of its future
car and motorbike racing games, as part of its strategy to become a
leader in AA games, while RaceWard ensures the long-term viability
of its activity.
Created in 2016, the studio has 40 developers in
Milan, all of whom are seniors in the video game industry and have
specialized in motor sports simulations for many years. RaceWard
uses and contributes to improving the KT Engine technology, created
by KT Racing for the development of its multi-platform creations
(PS4, PS5, Xbox One, Xbox Series X|S, PC and SWITCH).
"We are happy and proud of this partnership with
Nacon as it demonstrates our high level of expertise and allows us
to strengthen our collaboration with a publisher who shares the
same vision and passion as us," says Marco Ponte, Founding CEO of
RaceWard Studio.
"By acquiring a further stake in RaceWard
capital, we are strengthening the technical synergies between our
studios thanks to the collaboration of the teams on the KT Engine
and we are securing a strategic know-how that will ensure the high
quality of our games as well as the pace of their releases. The
expertise of RaceWard' developers in car and motorbike simulations
reinforces Nacon's position in an essential segment of our
portfolio," says Alain Falc, Chairman and CEO of Nacon.
Next publication:
Sales Q2 2020/21:
26 October 2020Press release after close of the Paris
stock exchange
ABOUT NACON
|
2019-20 ANNUAL SALES129.4 M€
HEADCOUNTOvero 510 employees
INTERNATIONAL16 subsidiaries and a distribution
network across 100
countrieshttps://corporate.nacongaming.com/ |
NACON is a company of the BIGBEN Group founded in 2019 to
optimize its know-how through strong synergies in the video game
market. By bringing together its 9 development studios, the
publishing of AA video games, the design and distribution of
premium gaming devices, NACON focuses 20 years of expertise at the
service of players. This new unified business unit strengthens
NACON's position in the market, enables it to innovate by creating
new unique competitive advantages. Company listed on
Euronext Paris, compartment B ISIN : FR0013482791 ;
Reuters : NACON.PA ; Bloomberg : NACON:FP
PRESS CONTACTCap Value – Gilles Broquelet
gbroquelet@capvalue.fr - +33 1 80 81 50 01 |
- CP_NACON_Lunar-Raceward_exerc_option_ENG Diffusion
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