Koch Media completed the acquisition of Milestone for $62m.

Koch Media, a manufacturer of digital entertainment products and services, completed the acquisition of Milestone, a manufacturer, and distributor of industrial machinery and equipment, for for $62m. “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. 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,“ Luisa Bixio, Vice President Milestone.