DUsseldorf (DE) / Wakefield (UK) – Britain’s Team17 has acquired Estragon Entertainment. The amount of the acquisition is €100 million, which also includes an initial amount of €75 million and €25 million.
€25 million will be due if EBITDA targets set for the fiscal years ending December 2021 and 2022 are met. There is also a management incentive plan of €7.5 million for current management and Estragon’s staff, also with EBITDA targets met.
As the companies say, no regulatory approval is required. The deal should be completed in the next few days.
Co-publisher Farming Simulator 22 now owns property in the UK
Who sells Estragon? here they are Andre FranzmannAnd Dirk Walker and FFF – Beteiligungs GmbH. Fransmann and Wallner are also the founders of the company.
“Our goal is to become the number one ‘working’ simulation game. Working with Team17 will help us develop that strategy further and focus. We look forward to the opportunities that arise from working with what we believe to be a great partner to realize our shared ambitions. The experience and commitment of the GP Bullhound over the past few months has helped us in finding the right partner for this exciting new chapter.” Julia Pfeiffer And Tim Schmitz, co-CEOs of Estragon Entertainment.
Estragon was founded in 2000 as a subsidiary of rondomedia Marketing & Vertriebs GmbH and has made a name for itself as a publisher of simulation games for PC and consoles. Headquartered in Düsseldorf since 2019, they were previously based in Mönchengladbach. The most famous brands next to farming simulator (published by GIANTS Software itself and Estragon is responsible for distribution in Germany), Construction Simulator, Fishing: Barents Sea, Bus Simulator and Euro Truck Simulator.
“Social media evangelist. Baconaholic. Devoted reader. Twitter scholar. Avid coffee trailblazer.”