Warhorse Studios CEO Martin Fryvaldsky has announced that the company and all of its intellectual property has been acquired by THQ Nordic for approximately $48.5M. The two companies had worked cooperatively during the development of indie-game Kingdom Come: Deliverance. Warhorse will retain its independence as part of Koch Media and all upper management personnel remaining in place.
”Warhorse Studios is one of the leading independent studios in Europe and I am proud to welcome them to the THQ Nordic group. Kingdom Come: Deliverance, which has now sold over 2 million copies, has been a great success since the release exactly one year ago. I look forward to continue working with the founders who will continue managing the studio under strong creative freedom for many years to come", says Lars Wingefors, CEO of THQ Nordic AB.
“Becoming part of THQ Nordic family is an important milestone for our studio. We began as a small start-up with a handful of employees who were enthusiastic enough to join this challenging project. The skills of our team members, trust and support of our main investor and passion of our fans, who supported development of Kingdom Come: Deliverance through a Kickstarter campaign, helped us grow to an international level. We believe that backing by THQ Nordic will give us an extra push in our mission to bring exciting games to our customers and extend the frontiers of the gaming industry,” says Martin Frývalský, CEO Warhorse Studios.
Read the full press announcement on the THQ Nordic site.