Focus Entertainment acquires Dovetail Games
Simulation games studio joins French publisher.Focus Entertainment has acquired Dovetail Games parent company Railsimulator.com for an undisclosed amount, the company announced.
Here is the full note on the acquisition from Focus Entertainment’s latest financial results:
Focus Entertainment today announced the acquisition of 100 percent of Railsimulator.com, the parent company of Dovetail Games’ group (DTG), a best-in-class gaming company in simulation genre, alongside senior management. For years, the United Kingdom-based studio has adopted a robust business model based on synergies between full game releases and a strong live service content strategy providing recurring revenue.
The integration of this award-winning developer and publisher (£15 million of revenues expected for the fiscal year ended March 31, 2023) is a step forward in the strategy of Focus Entertainment and it is expected to be somewhat accretive in terms of percentage margin standpoint.