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Announced

Completed

THQ Nordic completed the acquisition of Piranha Bytes.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Gaming

Private

Friendly

Completed

Germany

Majority

video game development

Acquisition

Single Bidder

Synopsis

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THQ Nordic, an Austrian video game publisher based in Vienna, completed the acquisition of Piranha Bytes, a German video game developer based in Essen. Financial terms were not disclosed. "There are situations in life where you think to yourself “This feels right.” Well, this is exactly one of them. We have been working on some great and exciting things over the past couple of years and we are extremely stoked about what the future brings with the right partner and the right network of companies. After all, we want to continue to create great, memorable, and impactful games with as much creative freedom as possible, and with THQ Nordic we know we are now part of a family, which supports us by all means in our efforts," Björn Pankratz, Piranha Bytes Project Director and Game Designer.

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