BVG acquires Climax Racing

Buena Vista Games is to acquire UK development team Climax Racing, becoming the publishers third internal studio alongside Avalanche Software and Propaganda Games.

Climax Racing, known for its best-selling franchises MotoGP and ATV Offroad Fury, will work on what the publisher describes as triple-A racing titles for the next-generation of games consoles.

"The acquisition of Climax Racing aligns perfectly with our strategic and geographic goals by allowing us to both reach into new genres and new markets for creative talent," said Graham Hopper, senior vice president and general manager, Buena Vista Games.

"Adding Climax Racing to our creative family will provide an additional catalyst for our continued growth in the video games market," he added.

Tony Beckwith, co-founder of the development studio, will take on the role of vice president and general manager of Climax Racing, as it continues under the direction of the Disney-affiliated publisher.

"The Walt Disney Company holds one of the largest and most exciting portfolio of intellectual property in the world, and through BVG, we look forward to having access to the company's deep resources in the video games space to continue creating remarkable interactive entertainment," said Beckwith.

"This promises to be a mutually beneficial relationship and we believe that together we will make outstanding games for the next generation and beyond," he concluded.