This press release officially announces Crytek's acquisition of Free Radical, which will now be known as Crytek UK. MyCrysis has Crytek's take on this:

Frankfurt a. M. (Germany) / Nottingham (United Kingdom), February 4th 2009 - Crytek GmbH (“Crytek”) announced today that it has acquired all assets and business of Free Radical Design Limited (“Free Radical”). Free Radical is based in Nottingham, United Kingdom and is known for the multi-award winning Timesplitters series. The studio will now be integrated into Crytek’s network.

Avni Yerli, Managing Director of Crytek, said, “We’re very excited about this step to expand Crytek into the UK with such an experienced and highly talented team. Free Radical Design is a great fit to Crytek and its culture, given that Free Radical has a proven track record on delivering high quality games. The combination of this team, the Crytek network and our CryENGINE technology will be a foundation for outstanding gaming experiences and a magnet for the best talent in the UK.”