Thq Nordic Has Bought Koch Media and Will Publish Metro: Exodus

  • Thq Nordic Has Bought Koch Media and Will Publish Metro: Exodus

Thq Nordic Has Bought Koch Media and Will Publish Metro: Exodus

THQ Nordic said it will "closely monitor and delegate resources" to Koch's games business "in order to ensure quality and a healthy return on investment on its large in-house development projects". Now, it has regained some of the former THQ franchises back under the company name.

THQ Nordic AB ("THQ Nordic" or the "Company") has today, through its wholly owned subsidiary, SALEM einhundertste Holding GmbH, entered into an agreement to acquire 100 percent of the share capital in Koch Media GmbH ("Koch Media"), which was announced earlier today through a press release, for a consideration of Euro 121 million on a cash and debt free basis (the "Transaction"). "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. Those studios will continue to operate as they do now, now under the banner of THQ Nordic. It is unknown when Volition and Dambuster Studios will announce their new AAA titles. Deep Silver also purchased several other THQ properties during the bankruptcy proceedings, which means THQ Nordic will once again have its hands in Metro, Red Faction and Saints Row.

There's indication of what THQ Nordic will do with their new acquisitions, but the chances of a new Saints Row (not just spin-off Agents Of MAYHEM) and/or Red Faction just went up massively.

The move comes one day after Deep Silver released Kingdom Come: Deliverance to a strong response from players and critics alike. The fall of THQ was a heartbreaker for many gamers, but after only a few short years, the company has officially been reunited with the games it had to say goodbye to.

THQ Nordic and Koch Media have a combined 50 game projects in development.

THQ Nordic is now expecting to see net sales and profits rise from key titles such as Metro, Dead Island and at least two additional yet-to-be announced AAA titles. It also plugs the company into other major franchises like Dead Island and Shenmue.