NACON INCREASES TO 53% ITS STAKE IN THE CAPITAL OF RACEWARD STUDIO
22 October 20
Nacon announces that it now owns 53% of the capital of Lunar Great Wall Studios Srl studio, 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.
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 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.
“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 Director 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’s 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.