Devolver Digital Acquires Indie Game Developer System Era for Up to $40 Million

Devolver Digital's acquisition of System Era, known for Astroneer, will allow the latter to continue to support its flagship game and work on a new project, with the deal comprising $22 million upfront and potential bonuses of up to $18 million.

Devolver Digital, known for publishing indie titles, has acquired Seattle-based indie developers System Era, the team behind the popular game Astroneer, in a deal worth up to $40 million.
The deal allows System Era to join Devolver's list of in-house studios which includes successful game creators like Gunbrella, Serious Sam, Reigns, and Enter the Gungeon among others.
System Era plans to continue supporting Astroneer with a 2024 roadmap for updates and is also reportedly working on a new project under the acquired agreement.
Despite the acquisition, System Era does not perceive a loss of independence; instead, it believes the partnership offers a better platform for like-minded, talented game developers, allowing them to focus more on creative game experiences.
Devolver's deal includes an initial pay of $22 million, with deferred payments and potential earn-outs valued at $18 million, bringing the potential total to $40 million. Astroneer has generated over $87 million with a player base of over 13 million to date, and has continued to show positive player engagement, making this a strategic move for Devolver Digital.