Astragon Entertainment: TEAM17 Group takes over developer for 100 million euros

Aragon Entertainment GmbH (previously Aragon Software GmbH) is a German video game author based in Düsseldorf, Germany. It is a subsidiary of the German video clip game supplier Aragon Business & Services GmbH (previously Rondo media Advertising and marketing & Vestries GmbH). The company is understood to be the original worldwide author of the Farming Simulator series. They were originally based in Hagen yet relocated to Mönchengladbach in 2004. Aragon previously specialized in the simulation video game edition for Microsoft Windows, however because 2008, they published the Games Public (Laid-back Video Game) as Wendy: Vacations at Rosenberg on the Nintendo DS. They took out several English games under their Just Play It! Tag, including Myst IV: Revelation as well as CSI: Dark intentions. Aragon also releases Games of Big Fish Games and also Win on the German market. Presently, the company concentrates primarily on editing simulation games on a selection of platforms. Titles consist of the Simulator Building and construction Series (on Computer, Mac, PlayStation 4, Xbox One, Nintendo Switch Over, IOS as well as Android), the Simulator Bus Collection (on Computer, PS4 as well as Xbox One), the Farming Simulator Series (on Computer, Mac, Mac, PlayStation 4, Xbox One and also Nintendo Change) as well as additional titles like Angling Stimulant: Barents Sea, the following Firefighting Simulator as well as the Liftoff Drone Racing Simulation Game: Drone Racing, In 2019, the business relocated to Düsseldorf.

Aragon Entertainment GmbH announces that TEAM17 Group PLC, a global game label, has made a final agreement on the takeover of Aragon Entertainment GmbH for an initial cash in the amount of 75 million euros with a further consideration of up to 25 million euros.

Reasons for the acquisition and highlights

The acquisition of Aragon is consistent with the existing Group's existing growth strategy and will, in the opinion of the company's directors, bring a number of benefits to the Group. Enables TEAM17 entry into a new and complementary category of simulation games, which further strengthens the position of Team17 as a provider of games entertainment for a broader audience. Brings a strong back catalog of evergreen own franchises and IP with more than 20 games developed in the last 10 years, and a solid pipeline of products in development. Supported by the strategic partnerships of TEAM17, combined with consistent growth and commercialization experience, Aragon has the potential to build on its existing foundation and accelerate its current growth course to achieve its goal of becoming the world's leading brand for simulation game portfolios. The acquisition accelerates the entry of Team17 into the range of content for consumers in the field of high-quality simulations in which the group assumes that the demand for this type of non-violent and cooperative entertainment games has increased as a result of the Covid-19 pandemic. Takeover brings a specialized, talented team to TEAM17, which will continue to operate and work as a stand-alone vertical unit within the enlarged group, but also offers opportunities for cooperation, as the focus on the development and publication of games in their respective genres / fields located. The combination of Team17 and Aragon opens exciting commercial possibilities with a number of brands from other industries and media partners.

Julia Puffer and Tim Schmitz, CEOs of Aragon Entertainment GmbH, commented:

Team17 is the perfect home for Aragon Entertainment GmbH, as we enter this exciting new chapter. We felt the first day that Team17 has the same vision for our games and understands our target group. Our goal is to become the number one brand in the field of work 'simulation matches. Cooperation with TEAM17 will enable Aragon and help to develop and focus on this strategy. We look forward to the possibilities that open up a great partner through cooperation with one, as we believe, to realize our ambitions.

Debbie Best wick BE, CEO of Team17, commented:

We are very pleased to welcome the Aragon team at TEAM17, and are convinced that we are associated with one of the leading experts in the field of simulation matches. They have decades of experience in the development and publication of games, have built up an outstanding and very dedicated community and developed an excellent portfolio of their own IPS in this genre.

At TEAM17, we always strived to create, develop and publish great content for the most widely possible audience. With the addition of Storybook and the expansion of our games label, to which the recently acquired 'The label' and now belong to Aragon, we have extended the attraction of Team17 to the widest games of all time, which deals with several genres and age groups extend.

We look forward to closing cooperation with the two CEOs of Aragon, Julia and Tim, and their entire team sharing our ambitions, their own IP titles on the way to developing a leading global simulation portfolio brand as part of Team17 Family develop.