THQ Nordic announced the acquisition of the Piranha Bytes from Germany

THQ Nordic, a Stockholm, Sweden-based game publisher, announced the acquisition of the Germany-based Piranha Bytes team as well as the trademark and the intellectual property Gothic. Piranha Bytes' rights to Risen and ELEX were also acquired.

Financial details were not disclosed. Piranha Bytes will become a 100% subsidiary of THQ Nordic GmbH in Vienna, Austria

Pluto 13 GmbH (the former company behind the Piranha Bytes brand) sold the trademarks “Piranha Bytes” and “Gothic” as well as the entire Gothic IP to THQ Nordic AB.

The remaining rights of Risen and ELEX, which were in other entities of the Piranha Bytes folks, were also acquired by THQ Nordic AB. In the forefront of the closing of this deal, THQ Nordic GmbH set up a new entity (initially named “THQ Nordic Reserve 1 GmbH”; in the next days renamed to “Piranha Bytes GmbH”).

This company is now stepping into the existing employment and service agreements with all personnel and has also acquired the existing office equipment (furniture, hardware, coffee machine).