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THQ Nordic acquires Czech developers, Warhorse Studios

Author: Dmytro Voloshyn
13-Feb-2019

Category: News

THQ Nordic has bought a 100% stake in the Prague's Warhorse Studios, which had a successful release of their medieval game, Kingdom Come: Deliverance, a year ago.

Kingdom Come: Deliverance
The purchase includes the studio and its intellectual property. Prior to the acquisition, Zdeněk Bakala owned 70 percent of the studio, Daniel Vávra had 17 percent, and Martin Klíma had 13 percent.

The purchase price is 33.2 million euros or about 860 million crowns. According to THQ Nordic, Warhorse will continue to function as an independent studio. Founders Daniel Vávra and Martin Klíma remain in their positions, as well as Executive Director Martin Frývaldský.

Financial details of the transaction are available.

Here's what Martin Fryvaldsky, Executive Director of Warhorse Studios, has said about the deal:

"Becoming a part of the THQ Nordic family is an important milestone for our studio. We started out as a small start-up with a bunch of enthusiastic developers...

The skills of our people, the trust and support of our main investor, Zdeněk Bakala, as well as the enthusiasm of the fans who supported the development of our game in the Kickstarter crowdfunding campaign helped us grow up to the international level."

Kingdom Come: Deliverance was released in February 2018. Since then, more than two million copies have been sold, with half of the sales coming from the United States and Germany.



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