Nacon will acquire Daedalic Entertainment for a proposed €53 million deal which they’re expecting to complete sometime in 2022, both companies announced today.

While Nacon will acquire Daedalic Entertainment, both companies have been partners already for the upcoming game The Lord of the Rings: Gollum (pictured). Daedalic Entertainment was founded back in 2007 in Hamburg, Germany and has since developed and published dozens of games.

The new acquisition will get Nacon access to several intellectual properties that Daedalic Entertainment has, as well as their game development and publishing pedigree.

Both Daedalic Entertainment founder and CEO Carsten Fichtelmann and COO Stephan Harms will keep running the company, while Nacon will start supporting their future endeavors with sales, publishing, and marketing.

“We knew, through our current collaboration on Gollum, that NACON and Daedalic share the same values and the same objectives to deliver unique experiences to gamers,” said Alain Falc, Chairman and CEO of NACON. “Therefore, it seemed logical to go further together and we’re extremely happy of this acquisition. It represents a significant step in Nacon’s strategy.”

Daedalic Entertainment founder and CEO Carsten Fichtelmann added, “After eventful years in which we always came out on top, I feel proud looking back at the past 15 years and the development of the company. Daedalic Entertainment has established itself as a publisher and developer of exceptional games across various genres and on all relevant platforms and has cemented that position globally. Together with Nacon, we are now taking the next step to further develop our catalogue of games created by our own team as well as many incredible indie studios. We are looking back at a trusting and cooperative collaboration on The Lord of the Rings: Gollum and forward to an even brighter future together.”