THQ Nordic has acquired Warhorse Studios via its subsidiary Koch Media. The acquisition also includes all intellectual property rights for Kingdom Come: Deliverance.
According to a press release, the development studio was acquired for 33.2 million euro on a cash and debt free basis. The studio's net revenue was 42 million euro in 2018.
Warhorse CEO Martin Frývalský stated that "becoming part of THQ Nordic family is an important milestone for the studio". The company started with a handful of employees to support the development of Kingdom Come: Deliverance following a successful Kickstarter campaign.