THQ Nordic parent company acquires Metro and Insurgency devs, and both are working on new IPs

THQ Nordi and Deep Silver guardian firm Embracer Group has gone on one other purchasing spree.

Embracer Group, the guardian firm of THQ Nordic and a number of other different European sport growth studios and publishers, has introduced a number of latest acquisitions this morning.

The corporate has acquired seven beforehand unbiased studios, who will now function underneath its varied subsidiaries. The Saber Interactive department, which itself was acquired earlier this 12 months, now wholly owns Insurgency developer New World Interactive, in addition to Metro sequence developer 4A Video games.

For New World Interactive, the deal offers Embracer 100% of the studio’s shares, together with each of its growth homes in Denver, Colorado and Calgary, Alberta and their respective groups. The phrases of the deal weren’t disclosed, together with the worth. With that in thoughts, Embracer mentioned it expects to recoup this funding over the subsequent three years, as New World’s in-development initiatives are launched.

A few of these initiatives embrace the console port of Insurgency Sandstorm, focusing on launch within the first half of 2021, in addition to an unannounced a brand new IP. New World can also be increasing, with the plan so as to add over 50 extra workers break up throughout the Calgary studio, and a 3rd yet-to-open studio in Montreal.

Saber is the Embracer arm that likewise now controls 4A Video games. The studio’s Malta and Ukraine groups are actually a part of Saber. Embracer paid $36 million upfront as a mixture of money and newly issued B shares. Future earn-out funds of up prime $35 million are additionally promised, contingent on reaching sure milestones.

4A Video games is engaged on two video games, one is a AAA, multiplayer new IP and the opposite is a AAA single-player venture, more likely to be a Metro sequel. Past that, 4A “will proceed to discover the Metro franchise” with creator Metro Dmitry Glukhovsky.

Embracer’s different gaming acquisitions right this moment additionally embrace Pow Wow Leisure, Palindrome Interactive, Uncommon Earth Video games, Vermila Studios, and Deca Video games.

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