THQ Nordic has acquired German media company Koch Media and its gaming division Deep Silver, the Austrian publisher has announced.
The purchase was announced through an official press release from THQ Nordic. “THQ Nordic has entered into an agreement to acquire Koch Media GmbH, including, inter alia, the games developer and publisher Deep Silver with AAA-intellectual property rights such as Saints Row, Dead Island and exclusive license for Metro”, the press release reads.
According to the press release, THQ Nordic has acquired 100 percent of the share capital in Koch Media. No restructuring or cost-saving programmes are currently being planned.
“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.”, says Lars Wingefors, CEO THQ Nordic
“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.”, says Dr. Klemens Kundratitz, CEO Koch Media.
Another interesting tidbit from the official press release is that THQ Nordic mentions that Saints Row and Agents of Mayhem developer Volition, acquired by Deep Silver in 2013, is currently working on an unannounced AAA game. In addition, THQ states that they expect increased profits from “at least two additional yet-to-be announced AAA titles”, implying that at least one more unannounced title is in the works.
Formerly known as Nordic Games, the publisher changes its name to THQ Nordic back in August of 2016 after acquiring the rights to the name and THQ’s library of titles. “The THQ Nordic brand is a combination of our Scandinavian and Austrian roots and our ongoing strategy to make great games and deals”, founder and CEO Lars Wingefors said upon the rebranding as THQ Nordic. “Our philosophy behind continuing to expand upon the THQ Nordic brand starts with fun games – that’s what attracted us to the THQ catalog. Look at Darksiders, as an example. It’s been a few years since the release of Darksiders II and that growing community remains very active — very hungry — for what will come next. THQ Nordic very much looks forward to satiating gamers’ appetites in the months and years to come.”
Koch Media’s gaming division Deep Silver is responsible for publishing and co-publishing titles such as Dead Island, Homefront, Kingdom Come Deliverance, and the Metro series. In addition, Deep Silver will be responsible for publishing the upcoming Shenmue III for both PS4 and PC.