THQ Nordic acquires Gunfire Games

THQ Nordic has acquired Darksiders developer Gunfire Games for an undisclosed sum. Gunfire, which is currently based in Austin, Texas, will retain its 63 staff and continue to operate with David Adams as CEO. 

The deal sees THQ Nordic acquire the rights to all IPs, including the studio’s upcoming game, Remnant: From the Ashes, which is expected to release as planned next week. THQ Nordic reportedly expects to recoup its investment within four years.

“With the acquisition of Gunfire Games we are strengthening THQ Nordic’s footprint in the US, and are adding an experienced and talented development team that we know very well from having collaborated on Darksiders,” said THQ Nordic CEO Lars Wingefors (thanks, GI.biz).

“Gunfire will contribute with premier development expertise to the group with realizable synergies from day one. It is with great anticipation of future projects we now welcome the team to the THQ Nordic family.”

THQ Nordic’s indirectly wholly owned subsidiary Koch Media also today announced it is acquiring racing specialist studio, Milestone, for €44.9 million in cash. The agreement will see Koch acquire the development studio and all intellectual property rights.

“Becoming a part of the Koch Media Family is an important step for our studio. Being run as a family business, which is built on the enthusiasm of its team members and centered around racing games, we are delighted to bring our expertise and knowledge into the company group and strive from the experience and knowledge outside of our core DNA,” said Luisa Bixio, Milestone VP. “We are sure that the combination of our experiences will strengthen our position in our market segment and help us to bring more exciting games to our fans and extend the frontiers of racing within the gaming industry.”