The publisher THQ Nordic is known for its downright shopping tour for studios and rights to well-established games. Now, however, the company is taking over a relatively young Czech studio, Warhorse, which only made its breakthrough a year ago with Kingdom Come: Deliverance.
For the acquisition, a purchase price of 33.2 million euros was agreed. The studio generated sales of 42 million euros in 2018 and a profit of 28 million euros before taxes. Given these figures, the purchase price seems relatively low.
Today's February 13 marks the birth of Kingdom Come: Deliverance. The action role-playing game on medieval stage was released on February 13, 2018, has now received with Band of Bastards, the third expansion and enjoys great popularity. According to the company, the title has sold over two million copies and has received various awards.
One year of #KingdomComeDeliverance is behind us, and what a ride it's been with you at our side!
Let's drain our tanks, mount up and track our steeds to new adventures!
Thank you for your support! ?? pic.twitter.com/aj3gggRZGE
– Warhorse Studios (@WarhorseStudios) February 13, 2019
Not only this success, but above all the existing partnership between publisher and studio should have led to the agreed acquisition by the subsidiary Koch Media GmbH. Because THQ Nordic took over the Koch Media GmbH a year ago, which in turn acts as a publisher for Kingdom Come: Deliverance via the Deep Silver brand.
As the press release says, the Warhorse acquisition includes both the studio and all rights to its single title. The company Warhorse Studios will remain under old leadership and head with THQ Nordic back in the new projects.
I look forward to continuing to witness the owners of the studio and drive the creative process for many years
Lars Wingefors, CEO of THQ Nordic AB
THQ Nordic and Koch Media wants to give us extra push in our mission to bring excitement to our customers and extend the frontiers of the gaming industry
Martin Fryvaldsky, CEO Warhorse Studios
A solid foundation for future projects to build on the not only the 2 million copies but also the motivation within the teams.
Dr. Klemens Kundratitz, CEO Koch Media GmbH
THQ Nordic is also beating in Australia
The global search for additions to the portfolio has also taken THQ Nordic to Australia. Also today, the planned acquisition of 18POINT2 was announced. According to the press release, it is a leading distributor of video games in Australia. THQ Nordic hopes to profit from the expected growth of the markets in Australia and New Zealand in this way.