THQ Nordic has acquired Milestone S.r.l. through its indirectly wholly owned subsidiary Koch Media, the company announced.
Milestone is the developer and publisher behind the racing game series MotoGP, MXGP, RIDE, and Monster Energy Supercross. It was originally founded in 1994 as Graffiti, before being renamed Milestone in 1996. In 2013, it transitioned from being a work-for-hire studio into publishing all of its own products and developing its own IP. It currently employs 200 staff members.
“Milestone has developed racing games for 25 years now and is leading the two-wheel racing game genre today,” THQ Nordic group CEO Lars Wingefors said in a press release. “With 50 developed games since inception, eight million copies sold since 2013 and five games under development, I am convinced that Milestone will see continued success in the future. I am thrilled to welcome Luisa and her experienced team to the THQ Nordic group.”
Following completion of the acquisition, Milestone will continue to act as an independent entity under Koch Media, benefiting from joining Koch Media’s development studio network and being able to utilize its distribution and publishing capabilities.
Milestone is led by sole owner Luisa Bixio, who has been with the studio for over 10 years and will continue to lead the company as its CEO.