Two weeks ago Sega announced that it’s Racing Studio based in Birmingham, England was being closed down. The studio had released the well-received Sega Rally and was working on unannounced projects when the decision was made.

Now there is some good news for the staff who worked at the studio. Codemasters, another UK development house with a pedigree for racing games, has bought the studio.

Rod Cousens, chief executive of Codemasters commented:

In seizing this opportunity, we have created additional resources to escalate our plans in the racing segment … 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.

This announcement certainly benefits both parties. Codemasters are well-known for racing titles including the Colin McRae series and Race Driver. Sega had a team proven at producing good racing games across multiple next-gen platforms. For the staff they hopefully all have jobs again and Codemasters now has the capacity to expand its racing games line-up.

Read more at Gamesindustry.biz

Tags: MP3, gps, players, consumer technology