Vienna-Based Purple Lamp Studios Now Fully-Owned By THQ Nordic
Sea of Thieves, The Guild 3, and SpongeBob Squarepants: Battle for Bikini Bottom – Rehydrated. They will continue to function as an independent studio focusing on developing games for THQ Nordic and other licensed IP games.
“After numerous years of working in a predominantly international setting, we are extremely excited to further increase our footprint ‘at home’, i.e. here in Austria, by adding one of its most adept and experienced development studios to our ensemble,” said THQ Nordic CEO Klemens Kreuzer. “A warm welcome to the entire Purple Lamp team! We are happy to start putting our ambitious plans into action.”
“We've been working with THQ Nordic since the foundation of Purple Lamp and their and openness has made working with them a pleasure,” said Purple Lamp Studios CEO Andrew Hance. “Their respect for IPs and fans, as well as their clear ion for games, matches our studio goals, so deepening our partnership feels like a perfect fit. We're very excited to be ing the THQ Nordic family and seeing where the future takes us!”
Both companies have agreed not to disclose the and details of the transaction but the official press release says that it was a mix of cash and Embracer B shares. The Embracer Group is the parent company of THQ Nordic and several other video game companies including Koch Media/Deep Silver, Saber Interactive, DECA Games, Coffee Stain, Amplifier Game Invest and 46 other internal development studios.
