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THQ Nordic Acquires Milestone s.r.l., Gunfire Games and Goodbye Kansas Game Invest - VGChartz
THQ Nordic Acquires Milestone s.r.l., Gunfire Games and Goodbye Kansas Game Invest

THQ Nordic Acquires Milestone s.r.l., Gunfire Games and Goodbye Kansas Game Invest - News

by William D'Angelo , posted on 14 August 2019 / 678 Views

THQ Nordic announced it has acquired Milestone S.r.l.Gunfire Games and Goodbye Kansas Game Invest.

 Milestone is known for developing the MotoGPMXGPRIDE, and Monster Energy SupercrossGunfire Games is known for developing the Darksiders series. Goodbye Kansas Game Invest was founded in 2016.

Read a message about THQ Nordic acquiring Milestone below:

”Milestone has developed racing games for 25 years now and is leading the two-wheel racing game genre today. With 50 developed games since inception, 8 million copies sold since 2013 and five games under development I am convinced that Milestone will see continued success in the future. I am thrilled to welcome Luisa and her experienced team to the THQ Nordic group", says Lars Wingefors, CEO of THQ Nordic AB.

“As one of the leading companies in the racing games industry, we have assembled an experienced team and a large and growing portfolio of titles that we believe will fit perfectly with, and benefit from, THQ Nordic’s network of development studios and publishing capabilities. We are very happy to become part of THQ Nordic and look forward to continuing our growth journey together” says Luisa Bixio, CEO Milestone.

Read a message about THQ Nordic acquiring Gunfire Games below:

“With the acquisition of Gunfire Games we are strengthening THQ Nordic’s footprint in the US and are adding an experienced and talented development team that we know very well from having collaborated on Darksiders. Gunfire will contribute with premier development expertise to the group with realizable synergies from day one. It is with great anticipation of future projects we now welcome the team to the THQ Nordic family”, says Lars Wingefors, Group CEO THQ Nordic AB.

Gunfire, which was founded in 2014 by alumni developers of Vigil Games, is best known for its successful development of action role-playing PC/Console game series Darksiders for THQ Nordic along with Chronos that was awarded Game Informer’s VR Game of The Year. The core team based in Austin, Texas (USA) has worked together for over a decade creating successful games, and are now 70 full time employees.

THQ Nordic teamed up with Gunfire in 2015 with the publishing of Darksiders II: Deathinitive Edition and subsequently with the release of Darksiders III in 2018. Gunfire will remain an independent development studio under THQ Nordic GmbH in Vienna, Austria. The team will continue to create outstanding and unique action adventure games and online/co-op experiences playable on PC/console and VR with full creative freedom and maintained relationships with current publishing partners. Gunfire will continue to be led by CEO David Adams and all active founders will remain in their current roles.

“Having worked together on the development of Darksiders, we are confident that becoming part of THQ Nordic is a great next step for Gunfire. I believe that the experience and publishing capabilities of THQ Nordic will be important in supporting our growth journey and enabling us to continue doing what we love – making great games. We are excited to continue working together going forward.”, says David Adams, CEO Gunfire Games. 

Read a message about THQ Nordic acquiring Gunfire Games below:

The acquisition includes a portfolio of minority investments in five early-stage development studios; Palindrome Interactive, Fall Damage, Neon Giant, Kavalri and Framebunker as well as royalty rights to THQ Nordic’s upcoming game Biomutant. GKGI’s previous investments in IGDB, Bearded Dragons and Goodbye Kansas VR will be retained in Goodbye Kansas AB.

“Goodbye Kansas Game Invest is led by a skilled team with strong insights and experience in developing and growing gaming companies. Besides continuing to support the current portfolio, the transaction provides a great platform for strategic investments in early-stage companies as well as in established teams starting their own development studios”, says Lars Wingefors, Group-CEO THQ Nordic AB.

GKGI was founded in 2016 as an investment company focusing purely on gaming companies under the umbrella of Goodbye Kansas AB. GKGI is managed by a senior team of four gaming executives with a collective industry experience of +45 years that have a broad network and extensive knowledge in the Nordic gaming ecosystem.

GKGI’s investment strategy entails making minority investments in early-stage Nordic gaming companies and supporting their growth journey. The current investment portfolio encompasses an attractive selection of development studios with promising potential.

“The Nordic countries have positioned themselves among the most successful gaming communities in the world and we strongly believe in their continued potential. We are looking forward to partner up with THQ Nordic who share our passion for the gaming industry.”, says Per-Arne Lundberg, CEO Goodbye Kansas Game Invest.

“Goodbye Kansas AB has made a strategic decision to divest Goodbye Kansas Game Invest AB in order to focus on our core business within Studio and Infinite Entertainment. I am satisfied that the new home to Game Invest is THQ Nordic, a company we know well and who we are confident will develop Game Invest further”, says Peter Levin, CEO and founder of Goodbye Kansas AB. 


A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.


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