THQ Nordic AB’s wholly owned subsidiary Koch Media GmbH has entered into an agreement to acquire 18POINT2 Pty Ltd. 18POINT2 is one of Australia’s leading publishing partners of games products and through the acquisition THQ Nordic establishes a strong platform on the Australian market.
“THQ Nordic and Koch Media will through the acquisition access an established platform on an exciting and growing market. We see great opportunities to establish us on a new market and through local engagement being able to offer the use of THQ Nordic’s global channels to Australian game developers. We look forward to working with Roger Clarke and his team” says Lars Wingefors, Group CEO THQ Nordic.
Dr. Klemens Kundratitz, CEO at Koch Media states: “We have been evaluating the Australian and New Zealand markets for some time and have worked with different partners. From a strategic point of view we believe, now is the time to extend our corporate activities to these strong and growing markets directly. With the acquisition we not only gain priceless market experience in local publishing but also a well-established retail market. We are delighted to be able to work with such a strong team in sales, marketing, communications and distribution not only for our owned IPs, but also to offer this opportunity to our partners around the globe.”
Roger Clarke, Managing Director of 18point2 adds: “I am delighted that 18point2 is joining Koch Media, as well as the broader THQ Nordic family. We share a singular focus on delivering the absolute best for our partners, as well as a shared commitment to our people. I am looking forward to building on the amazing work of the 18point2 team up until now, as we explore the exciting opportunities that lay ahead”.