Swedish writer THQ Nordic has acquired European leisure firm Koch Media for an undisclosed sum. The deal implies that THQ Nordic is buying Koch’s Deep Silver gaming division, which is answerable for the open-world crime sequence Saints Row and the postapocalyptic shooter franchise Metro. This brings Saints Row again underneath the THQ identify after Nordic Games acquired the model and Koch acquired the sport and its developer Volition following the unique THQ’s chapter and dissolution.
For THQ Nordic, this transfer isn’t nearly getting the previous band again collectively — chief government officer Lars Wingefors sees this as an opportunity to make his firm into a significant writer and to strengthen its attraction as a publicly traded company. The CEO sees Saints Row, Metro, and the zombie motion journey Dead Island as enormous alternatives to create world hits.
“Koch Media is ideally suited to foster our ambitions for development with its profitability primarily based on its staff and its longstanding enterprise companions,” stated Wingefors. “Deep Silver has 4 triple-A video games in growth that can generate additional development for the approaching years. With Koch Media enterprise companions, we plan to stay the main European publishing companion for the years to return.”
But whereas Koch is coming in underneath the THQ Nordic umbrella, the corporate will proceed to function as a separate entity. Wingefors doesn’t plan any restructuring or layoffs, Deep Silver will hold its personal identify, and Koch media cofounder Dr. Klemens Kundratitz will stay as that division’s CEO.
“Due to the good strategic match of the 2 companies, I consider that it is a excellent strategic alternative for Koch Media/Deep Silver and THQ Nordic,” stated Kundratitz. “Our plan is to proceed to develop and develop all components of our enterprise. Now, that Koch Media is a part of a inventory listed firm we goal to speed up development.”
This article sources data from VentureBeat