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Announced

Completed

THQ Nordic completed the acquisition of Warhorse Studios for $38m.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA1.19x
Share Price Premium-
One Off Charge-

Tags

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Czechia

Gaming

video games

Private

Acquisition

Completed

Single Bidder

Friendly

Majority

Synopsis

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THQ Nordic, an Austrian video game publisher, completed the acquisition of Warhorse Studios, a game developer behind the successful award-winning title Kingdom Come: Deliverance, for $38m. "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 2m 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," Lars Wingefors, THQ Nordic CEO.

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