Vienna-Based Purple Lamp Studios Now Fully-Owned By THQ Nordic

purple lamp studios thq nordic acquisition bannerAustrian video game publisher THQ Nordic has just announced that they have fully-acquired Viennese game developer Purple Lamp Studios and its veteran team of developers. Purple Lamp’s portfolio includes several licensed titles such as 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 premium 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 support 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 passion for games, matches our studio goals, so deepening our partnership feels like a perfect fit. We're very excited to be joining the THQ Nordic family and seeing where the future takes us!”

Both companies have agreed not to disclose the terms 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.