Metro, Dead Island, Saints Row Publisher Koch Media Acquired By THQ Nordic

Saints Row, Dead Island and Metro publisher Koch Media acquired by THQ Nordic

THQ Nordic Acquires Deep Silver Owner Koch Media In $150 Million Deal

This 121 million Euro deal brings several projects in progress onto THQ Nordic's slate.

It's an interesting development, seeing as how the original incarnation of THQ went under over five years ago resulting in a sale of its various properties, with Deep Silver purchasing Saints Row, Metro, and Homefront (the latter from Crytek).

Via an official post on their website, THQ Nordic has announced that it has bought over Koch Media and Deep Silver. In September 2017, THQ Nordic raised SEK 598 million in a directed share issue in order to finance potential acquisitions of franchises, game development studios, publishers or other objects that complement the operations. According to the announcement, no restructuring or layoffs are planned as part of the acquisition. Having acquired numerous video game licenses, Nordic Entertainment rebranded itself as THQ Nordic back in 2016, building a new company that featured plenty of hits from the past and new titles with which to create a legacy of success.

"Koch Media has a long history of profitability despite losses incurred from some less successful game releases", said the company's CEO Lars Wingefors.

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And interestingly, the electronic skin is completely recyclable, or at least it's created to be once it's complete. All materials can then be reused to create another patch of functioning e-skin.

There are now no plans to shake things up at Koch, with THQ ruling out any "restructuring or cost saving programmes".

The move reunites some of those titles with the THQ label.

"I strongly believe that THQ Nordic is a great strategic fit with Koch Media", added Klemens Kundratitz, CEO of Koch Media.

In addition to Deep Silver's publishing contracts, THQ Nordic will also acquire their internal studios. Deep Silver hasn't had the best of luck lately with financial and critical disappointments such as the latest entry in the Homefront series and kinda sorta Saints Row spin-off Agents of Mayhem.

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