THQ Nordic has acquired Koch Media for a whopping €121 million.
"By having a larger development capacity and pipeline, more intellectual properties, and a larger publishing capacity through THQ Nordic and Deep Silver, the combined group has a greater capacity and more viable flexibility, thus creating a more stable operation", explained THQ.
THQ Nordic, the Austria-based company now in possession of the Darksiders, Red Faction, and de Blob properties, has acquired Koch Media, the parent company of Dead Island, Saints Row, and Metro publisher Deep Silver.
Koch Media itself runs Deep Silver (Dead Island and Metro publisher), Volition (Saints Row developer) and Dambuster Studios (Homefront: The Revolution developer), all of which will come under the THQ Nordic umbrella.
In a press release, THQ Nordic explained that it has no plans now to restructure Deep Silver, which likely means that various studio jobs are safe. THQ Nordic previously went by the name of Nordic Games before acquiring several THQ properties and changing its branding.
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There are now no plans to shake things up at Koch, with THQ ruling out any "restructuring or cost saving programmes".
"With the competence THQ Nordic possesses on management level, Koch Media will be better positioned to deliver the full potential of its development projects in the future".
Deep Silver has four ongoing Triple A projects in the works at the moment, including Metro Exodus and another game from Volition, which is presumably a new Saints Row title.
"Koch Media has a long history of profitability despite losses incurred from some less successful game releases", THQ Nordic CEO, Lars Wingefors, says in the announcement. Nordic Games meanwhile purchased the rights to games like Red Faction and Darksides, and rebranded to THQ Nordic.