It’s being reported today that THQ Nordic are buying Koch Media for a total of €121 million, with the transaction stated to happen later today. This deal will include the whole of the Koch business, including Deep Silver – the publisher of titles such as Saints Row, Dead Island and Metro.
THQ Nordic was previously known as Nordic Games, before they acquired a number of THQ properties back in 2016. THQ Nordic will now run Koch’s partner publishing business as well as its film business.
It’s being stated that there will be no restructuring taking place, meaning that Koch will continue to operate as a separate entity to THQ Nordic. Lars Wingefors, CEO of THQ Nordic, says:
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.
Koch CEO Dr. Klemens Kundratitz adds
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.