THQ Nordic has acquired Koch Media for €121 million.
In a statement issued this morning, Vienna-based THQ Nordic, which changed its name from Nordic Games in 2016 after it acquired various assets from the defunct publisher THQ, announced it had: “Entered into an agreement with the owner, Koch Media Holding GmbH (the “Seller”), of Koch Media GmbH (“Koch Media”) to acquire 100 percent of the share capital in Koch Media.”
As the deal includes Koch Media’s subsidiary publishing arm Deep Silver, it means that THQ Nordic has added intellectual properties including Saints Row, Dead Island, Risen, Homefront, Agents of Mayhem and Metro to its games portfolio.
THQ Nordic CEO Lars Wingefors said: “Koch Media has a long history of profitability despite losses incurred from some less successful game releases. THQ Nordic is convinced that the development studios of Deep Silver as part of THQ Nordic will successfully deliver at least four ongoing AAA game projects including Metro Exodus as well as the next Volition Studio AAA release and the next Dambuster Studio AAA release, together with a number of other game development and publishing titles.”
Koch Media CEO Dr Klemens Kundratitz added: “I strongly believe that THQ Nordic is a great strategic fit with Koch Media. In addition to having long experience within games development and publishing, THQ Nordic has the skills, willingness and capital to deliver growth in the future.”
The move makes sense, as it turns two small-to-medium-sized publishers into something of a European powerhouse. It means that THQ Nordic now has 36 development studios, 10 of which are internal, and 11 of which were acquired from Koch Media. Plus the company now controls an impressive 109 IPs, 14 of which arrived from Koch Media.
No statement has yet been issued about the practicalities of integrating Koch Media into THQ Nordic, such as where the company will have its headquarters or whether there will be job losses. But we’ll bring you any such news when it emerges.