THQ Nordic AB’s wholly owned subsidiary Koch Media GmbH has entered into an agreement to acquire 18POINT2 Pty Ltd, one of Australia’s leading publishing partners of games products, and Prague based Warhorse Studios, the studio behind Kingdom Come: Deliverance.

Through the acquisition of 18POINT2, THQ Nordic expands its global network and establishes a local platform for continued development in Australia and New Zealand. The purchase price amounts to MEUR 2.41 corresponding to MEUR 1.91 on a cash and debt free basis plus additional earn-out consideration of maximum MEUR 0.41 subject to fulfilment of agreed commercial milestones.

Warhorse Studios is a leading game developer of RPG games for PC and Console. The studio is based in Prague, making it THQ Nordic's first owned development studio in the Czech Republic. The purchase price amounts to MEUR 42.8 corresponding to MEUR 33.2 on a cash and debt free basis.

Baker McKenzie acts as legal counsel to THQ Nordic in both transactions. Baker McKenzie’s team consists of among others Anna Orlander, Joakim Falkner, Ian Gulam and Erik Holmgren, with support from colleagues in Sydney and Prague.