Embracer Group, the parent company of THQ Nordic, has acquired Saber Interactive, the company announced. The acquisition includes all of the assets of Saber Interactive and related assets, including studios in Russia, Sweden, Belarus, Spain, and Portugal.

The purchase price includes an initial consideration of $150 million, plus an earn-out consideration of a up to $375 million. Post closing, Saber Interactive will become Embracer Group’s fifth operating group, and Saber Interactive’s co-founders and owners Matthew Karch and Andrey Iones will jointly become Embracer Group’s second largest shareholder.

“Saber has been on our radar for a very long time because of their deep history of consistently high-quality work,” said Embracer Group founder and CEO Lars Wingefors in a press release. “Their ambitious moves towards self-funding projects in recent years have been particularly impressive, especially with World War Z, which sold more than three million units. While Saber will remain a standalone company within Embracer Group, we look forward to collaborating with them to elevate their ability to create and market premier titles.”

Saber Interactive co-founder and CEO Matthew Karch added, “Over the course of 19 years as an independent developer, Saber has had its share of suitors. With Embracer Group, we’ve at last found the perfect partner. We could not be more thrilled to see through the many projects we’ve dreamed of together.”

Find a brief summary of the acquisition transaction below.