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POELLATH advises the shareholders of astragon Entertainment GmbH on the sale to Team17

POELLATH advised the shareholders of astragon Entertainment GmbH (“astragon”), a leading German game developer and publisher, on the sale to the listed British gam-ing group Team17 Group plc (“Team17”). The acquisition is one of the largest transac-tions in the German gaming industry.

Founded in 1998, Düsseldorf-based astragon is a leading German game developer, publisher and distributor of high-quality simulation games focused on non-violent, cooperative gameplay with highly detailed, technical and realistic environments. Its internationally renowned products include Construction Simulator, Bus Simulator, Police Simulator: Patrol Officers and Firefighting Simulator. Sales of high-quality licensed and distributed products such as Farming Simulator and SnowRunner round out the product line. astragon games are available worldwide on many different platforms, such as consoles, smartphones, tablets and PCs. astragon generated EUR 26 million in revenue with an EBITDA of EUR 5.7 million in fiscal year 2020.

Team17 is a globally games entertainment label that develops games for the PC, console, mobile and tablet gaming markets. Since its founding in 1990, the company has launched over 100 games, including the legendary franchises Worms, Overcooked! and Escapists.

POELLATH and the following team provided comprehensive legal and tax advice to astragon’s shareholders:

Addleshaw Goddard LLP advised Team17.

Monika Goede
+49 (89) 24 24 0 - 228 call