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THQ Nordic has acquired Koch Media for $149.6 million. Under this transaction, THQ Nordic obtains the entirety of the Koch business, which includes publisher Deep Silver and several notable video game intellectual properties.
All of Deep Silver’s series—including Dead Island, Metro, Saints Row, Risen, Homefront, and Agents of Mayhem—now belong to THQ Nordic.
“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 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,” said Dr. Klemens Kundratitz, CEO Koch Media.
When THQ filed for bankruptcy and started to sell off its assets several years ago, it had sold Metro and Saints Row to Deep Silver. Nordic Games then picked up the THQ trademark and changed its name to THQ Nordic. With this latest acquisition, THQ’s old properties are now all back under one roof.