In order to diversify the gaming portfolio, Motorsport Games signs binding term sheets with KartKraft to incorporate leading karting simulator IP, properties and main development talent.
A new studio, branded as Motorsport Games Australia, will also be released by Motorsport Games.
Motorsport Games Inc., a leading developer of racing games, publisher and esports ecosystem provider of official motorsport racing series around the world, has announced that the company has entered into a binding term sheet to acquire from developer Black Delta the properties and business of KartKraft, the critically acclaimed PC kart racing simulator.
Motorsport Games plans to take control of the KartKraft IP as well as all of the game properties and code under the terms of the binding term sheet.
Furthermore, key members of the original development team, including creator Zach Griffin, are expected to join Motorsport Games to create a new studio called Motorsport Games Australia, under which KartKraft’s development will begin.
“This upcoming acquisition further demonstrates Motorsport Games’ commitment to the racing game genre and our belief in the future of virtual racing,” said Stephen Hood, President of Motorsport Games.”We are delighted to have the opportunity to add KartKraft and form a new development team within the Motorsport Games family.
“The level of simulation that the team has created is highly impressive and the best recreation of karting available on the market today. We believe that, by adding our expertise to KartKraft, we will bring the game to the next level, amplifying its success as we help steer the product to full release.
“Additionally, the new Motorsport Games Australia team will bring additional knowledge and expertise to Motorsport Games, specifically in Epic Games’ trademark game Unreal Engine, as well as vehicle physics and driving simulation.
“They will play an integral role in the development of our future products and we’re incredibly excited about their future contribution to our talented team.”
The expected acquisition of KartKraft is the latest in the Motorsport Games line of exciting announcements.
KartKraft will further extend the product range, content creation, digital product distribution capabilities of Motorsport Games and provide an opportunity to expand the esports ecosystem of the business.
“The planned acquisition of KartKraft represents yet another step in our growth as a leading developer for racing games,” said Dmitry Kozko, CEO of Motorsport Games.
“We are aggressively pursuing our growth strategy by putting the committed capital from our shareholders to work.
“We’re excited to complement our existing franchise developments by adding KartKraft to help grow our development team and product line.”
“As a shareholder in Motorsport Games, I’m thrilled that KartKraft is joining us and that we can use our expertise, scope and knowledge to help maximise the impact of this great product,” said Fernando Alonso, Alpine Formula 1 driver, two-time F1 world drivers’ champion, two-time 24 Hours of Le Mans champion and former karting world champion.
“KartKraft recreates the authentic feel and thrill of kart racing. As a former Karting World Champion and owner of my own karting school, I want people of all ages to be able to experience the joys of karting first-hand.
“Nearly all the top drivers began their motorsport life in karting and KartKraft is a natural progression for introducing a new generation of drivers to the sport.”
On Steam for PC, KartKraft is currently in Early Access and its simulator has steadily accumulated a cult-like following within the sim-racing culture.
Upon its full release, it will allow players to build their own chassis karts and race with 20 official kart manufacturers on 10 officially sanctioned, laser-scanned tracks.