THQ Nordic Buys Deep Silver and Koch Media for €121 Million
After the name change, which took place in August 2016 following the purchase of various assets of the deceased THQ, THQ Nordic has set up a large-scale acquisition plan, which culminates today with those of Deep Silver and Koch Media.
We are talking about the publisher and the intellectual property distributor like Metro, Saints Row, and Dead Island, which means that suddenly the company has become the owner of a large number of new and important brands.
The acquisition operation has costed EUR 121 million to THQ Nordic, which will be granted according to a plan that provides for an advance of EUR 66 million and the rest in comfortable installments. The interesting thing, however, is that Koch Media will continue its business as a separate entity, albeit under new ownership.
“Koch Media has a long history of profitability despite losses incurred from some less successful game releases,” said the company’s 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,” added Klemens Kundratitz, CEO of 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.”