The Swedish publicly listed company THQ Nordic AB, owner of THQ Nordic, acquires Koch Media, including the publishing unit Deep Silver
The Swedish publicly listed company THQ Nordic AB has today announced that it acquires 100% of the share capital of Koch Media GmbH.
THQ Nordic and Koch Media/Deep Silver will continue to operate as two separate entities under the publicly listed entity, THQ Nordic AB. Each company will have full operational focus on delivering each of its own business plans over the coming years. No restructuring, change in headcount or change in relationship with their business partners are planned. Synergies such as partnerships from both groups’ IPs, assets and development capacity, further distribution power will be reviewed going forward. Both entities will have a pro-active acquisition agenda along with the parent company’s growth strategy.
Koch Media Co-Founder, Dr. Klemens Kundratitz, will remain as CEO of Koch Media and will become a substantial shareholder of the THQ Nordic AB going forward.
The board of directors of THQ Nordic AB will propose a change of name of THQ Nordic AB well ahead of the AGM in the company in order to better reflect its strategy and business areas within the new group. The new name will not be used against end-consumers in order to avoid confusion and rather strengthen each entity’s independence. The names of both operational companies, including its publishing units Deep Silver and THQ Nordic, will remain unchanged.
THQ Nordic AB`s founder, CEO and majority shareholder Lars Wingefors welcomes the deal: “Koch Media is ideally suited to foster our ambitions for growth, profitability based on its employees and longstanding business partners. Deep Silver has four AAA games in development that will generate further growth for the coming years. With Koch Media business partners we plan to remain the leading European publishing partner for the years to come.”
Klemens Kundratitz, co-founder and CEO of the Koch Media group comments: “Due to the great strategic fit of the two businesses, I believe that this is a superb strategic opportunity for Koch Media / Deep Silver and THQ Nordic. Our plan is to continue to develop and grow all parts of our business. Now, that Koch Media is part of a stock listed company we aim to accelerate growth”.