THQ Nordic is set finalize a deal to acquire the entirety of Koch Media according to a press release distributed earlier today. The deal is worth €121 million ($149.6 million USD)
The acquisition means THQ Nordic also owns Deep Silver, a Koch company that publishes Saints Row, Dead Island, and Metro. It also means Metro and Saints Row are technically being welcomed back into THQ's bosom (Nordic Games became THQ Nordic in 2016 when it acquired several of the bankrupt THQ's properties).
Koch Media's headquarters are in Germany, and it also has offices in the US and UK. The company will reportedly continue operating as a separate entity from THQ Nordic, and "no restructuring or cost saving measures are planned." That said, THQ Nordic believes the additional publishing muscle will help it develop and sell a wider variety of games.
"Koch Media has a long history of profitability despite losses incurred from some less successful game releases," says THQ Nordic CEO Lars Wingefors. "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."
"I strongly believe that THQ Nordic is a great strategic fit with Koch Media," adds Koch CEO Dr. Klemens Kundratitz. "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."
(Special thanks to Gameindustry.biz)