THQ Nordic issued a statement this morning announcing they have acquired 100% of Koch Media for 121 million Euros.
The acquisition will see THQ Nordic take control of Koch’s Deep Silver label which includes AAA IPs such as Saints Row, Dead Island, Risen, Homefront, Agents of Mayhem and Metro. With this acquisition, they also now own the partner publishing side of the Koch business and their film business in the German and Italian territories.
“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.”, said THQ Nordic CEO Lars Wingefors in the release.
With the acquisition of Koch, THQ Nordic will now have 36 development studios, 10 internal and 26 external with 11 coming over from Koch. They will also now control 109 different IPs, 91 already with THQ Nordic and a further 14 moving over with the acquisition.
THQ Nordic is now expecting to see net sales and profits rise from key titles such as Metro, Dead Island and at least two additional yet-to-be announced AAA titles. They are also not done with acquisitions and they state they will continue their “growth strategy” by acquiring more IPs, studios, and other assets following this Koch acquisition.
Koch Media GmbH and its subsidiaries will continue to operate as independent entities within the THQ Nordic group.
THQ Nordic is going from strength to strength following their early THQ IP acquisitions back in 2013 as Nordic Games before rebranding to THQ Nordic. With games such as Darksiders 3 and Biomutant still to come, this latest acquisition boosts their portfolio with some well known IPs.
Published: Feb 14, 2018 08:07 am