The acquisition of Milestone by Koch Media (wholly owned subsidiary of THQ Nordic) includes the development studio and all intellectual property rights.
“Becoming a part of the Koch Media Family is an important step for our studio. Being run as a family business, which is built on the enthusiasm of its team members and centered around racing games, we are delighted to bring our expertise and knowledge into the company group and strive from the experience and knowledge outside of our core DNA. We are sure that the combination of our experiences will strengthen our position in our market segment and help us to bring more exciting games to our fans and extend the frontiers of racing within the gaming industry,“ says Luisa Bixio, Vice President Milestone.
Dr. Klemens Kundratitz, CEO Koch Media adds: “We are delighted to welcome the team from Milestone to the family. After a long relationship in distribution across selected Koch territories, I am sure that the combined knowledge of our companies will open amazing new opportunities within a core market of the games industry. I am more than confident that the motivation and passion that drives the team at Milestone and the strong value within the racing segment are a solid foundation for future projects. The knowledge of fully licensed titles such as MotoGP and the experience in self-publishing and developing own IPs such as RIDE, rooting on a core DNA which centers around racing will help us to broaden our group portfolio and strengthen us for the future.”
Milestone is a software company founded in 1994 under the name Graffiti. Since 1996, the family owned business with currently around 200 staff is known as Milestone.
Over the years, Milestone produced legendary racing games such as Screamer for Virgin, The Superbike series for Electronic Arts, and WRC for Black Bean to name a few. 2011/12 Milestone started its own publishing business for licensed IPs and games with the MotoGP series. Growing healthy, based on the experience of the teams at Milestone, 2013 marked the entry of the MXGP series. The company launched its first own franchise Ride in 2015, adding the official Monster Energy Supercross series in 2018. The current line-up is built around the three yearly franchises MotoGP, Supercross and MXGP as well as the bi-yearly release of the owned IP RIDE. Three additional not yet announced IPs, which are due to launch in 2021, underline the further growth of the company near to its core DNA-products.