Codemasters has said it will be taking over SEGA Racing Studio with immediate effect.
The studio was shut down by SEGA earlier this month because it wasn't looking likely to make enough money in the future.
Ironically it was from Codemasters (among others) that SEGA Racing Studio first built its staff base.
"In seizing this opportunity, we have created additional resources to escalate our plans in the racing segment," said Rod Cousens, who power-dresses for Codemasters.
"We hope to welcome more than 40 people to the company and we have enjoyed the full co-operation of our friends at SEGA in making this happen. It is good business for Codemasters, an exciting prospect, and there will be more to come as we are not content to stand still."
Evidently Codemasters is keen to expand its racing offerings, then, with most recent effort Race Driver: GRID looking pretty and playing well.