On April 20, 2023, Focus Entertainment revealed its acquisition of 100% of Railsimulator.com, the mother or father firm of the award-winning UK-based developer and writer Dovetail Video games Group. Recognized for his or her talent in IP improvement within the simulation style, Dovetail Video games has turn into a outstanding reference level for practice simulators, persistently delivering immersive and genuine sim experiences.
Focus Leisure CEO, Sean Brennan, expressed his enthusiasm for welcoming the gifted Dovetail Video games staff into the Focus Group. Brennan acknowledged the studio’s IPs as a becoming addition to the Focus lineup, complementing the corporate’s technique and providing gamers distinctive, compelling sim video games celebrated globally.
Dovetail Video games CEO, Jon Rissik, shared comparable sentiments, emphasizing the shared values and dedication to simulation gaming between the 2 corporations. Rissik is assured that Focus Leisure’s publishing and distribution energy will improve Dovetail’s digital publishing capabilities, permitting the corporate to broaden in key markets like North America and entry new monetization alternatives.
Dovetail Video games has efficiently engaged and entertained tens of millions of gamers worldwide with sim franchises akin to Practice Simulator Basic and Practice Sim World. The corporate has adopted a robust enterprise mannequin, combining full sport releases with a dwell service content material technique that generates recurring income. With an intensive library of over 900 DLC items, Dovetail Video games persistently supplies gamers with recent content material, updates, and deep engagement.
The acquisition of Dovetail Video games, a UK-based studio with established IPs and recurring income, aligns with Focus Leisure’s technique and represents progress in transferring up the worth chain. The acquisition is anticipated to be accretive from a proportion margin standpoint. Dovetail Video games has additionally just lately entered the digital board sport house with CATAN: Console Version and goals to supply genuine board sport experiences to video players worldwide. The corporate is projected to report over £15m in income for the yr ending March 31, 2023.
Beginning April 20, 2023, Dovetail Video games can be consolidated into Focus Leisure’s accounts. The acquisition buy worth is consistent with present market multiples and contains an upfront fee primarily in money, in addition to worth enhances based mostly on firm efficiency. Key senior managers, together with Dovetail Video games CEO Jon Rissik, will proceed to supervise the corporate, committing to the long-term worth creation of Dovetail.