THQ Nordic has acquired Koch Media for a whopping €121 million. Formerly known as Nordic Games, THQ Nordic changed to their current name in 2016 after buying developer/publisher THQ in 2014. The reason for this was for better name recognition since the company was still widely associated with the THQ properties that it has acquired. These IPs included 150 individual games including the Darksiders and Red Faction franchises.
Koch Media founded the Deep Silver label in 2002. It has since published over 200 games, notably the Saints Row, Metro and Dead Island franchises. Developers operating under Koch Media and Deep Silver includes Volition, Fishlabs Entertainment, and Dambuster Studios. Volition developed the Saints Row and Red Faction franchises whereas Fishlabs Entertainment and Dambuster Studios are known for the Galaxy On Fire franchise and Homefront: The Revolution, respectively.
THQ Nordic CEO, Lars Wingefors, said that the company is convinced that the developers under Deep Silver will deliver at least four ongoing AAA game projects including Metro Exodus as well as the next AAA releases by Volition and Dambuster Studios.
Koch Media CEO, Dr. Klemens Kundratitz further adds that Koch Media has a history of profitability despite some losses from several less successful game releases. He believes that THQ Nordic will be a great strategic fit for Koch Media, as it has the skills, willingness, and capital to deliver growth in the future.
What’s interesting about this acquisition is that THQ Nordic will be regaining the some of the IPs originally belonging to THQ, the most prominent of which is the Saints Row franchise developed by Volition. The future of THQ Nordic looks bright after it announced a sequel to the Darksiders franchise last year, as well as exciting new IPs like Biomutant. In other news, Deep Silver recently published Kingdom Come Deliverance by developers Warhorse Studios. We gave it a rating of 4.5 out of 5 in our review, which you can check out here.
Via IGN
