THQ Nordic Has Acquired Elex Developer Piranha Bytes
THQ Nordic acquisitions are far from over, as the publisher has announced that Piranha Bytes has officially joined the party.
The publisher had already revealed past acquisitions of intellectual properties (such as Kingdoms of Amalur) and developers (Kingdom Come Deliverance's Warhorse Studios), so this is sure enough not its first move.
The terms of the deal have not been shared, but we do know that "the purchase price equals three years of what management’s estimated royalty payments to Piranha for upcoming titles would have been if the acquisition had not occurred."
Lars Wingefors, Group-CEO THQ Nordic AB has said that "Piranha Bytes is one of the most iconic German game studios and the creators of RPG´s Gothic, Risen and, more recently, Elex. The three-strong IPs have proven successful and will be great additions to our portfolio."
"We look forward bringing Piranha team into the family which has received legendary status across the RPG community as their fan base cherishes their current games and eagerly anticipates their new titles in the future."
Michael Ruve, CEO Piranha Bytes, added that "we have a successful and long-standing relationship with THQ Nordic and are very excited to join the group. THQ Nordic has unparalleled experience and capabilities in games development and publishing, and we are convinced they are the perfect partner to support Piranha in taking the studio to the next level."
"We see a unique opportunity to continue to develop great, memorable and impactful RPG games, now being part of the THQ Nordic family."
Hopefully this is the best for both the companies, as Piranha Bytes is one of the most beloved RPG makers with Gothic, Risen and Elex being very appreciated franchises among fans of the genre.