THQ Nordic has just turned a lot of heads. The Swedish/Austrian company has acquired Koch Media and its properties including publisher Deep Silver. This purchase brings former THQ IP Saints Row and developer Volition back to THQ.
It’s been a wild ride for the THQ brand. The original company went bankrupt in 2012 and had to auction off its properties in 2013. Koch Media snatch Saints Row and Volition, and later acquired the Homefront IP. Meanwhile, Nordic bought the THQ name and IP’s Darksiders, Red Faction, and the MX racing series. Now, THQ Nordic owns Saints Row, Volition, Dead Island, Metro, Agents of Mayhem and more.
This brings the total number of IP’s owned by THQ Nordic to 106, and has expanded the total workforce to over 1,600 employees across 36 interal and external studios.
Between the two, there are 50 games currently in development and 33 of those are unannounced including a title from Volition.
The good news is that no layoffs are expected and there’s no restructuring. Koch Media will continue to operate as a separate entity under its new parent company. There will also be no change in names, so the publishing units of both THQ Nordic and Deep Silver will remain unchanged.
Patriot’s Point: First, awesome that no layoffs will be happening as a result of this. Secondly, this came out of nowhere. Most of us, myself included, are probably wondering when THQ Nordic got so big as to be able to pull off this acquisition. This deal was for €121 million ($149 million).