THQ Nordic has snapped up another studio, this time acquiring RPG developer Piranha Bytes along with the rights to their three major RPG franchises, the company announced in a statement today.

The news means that the studio responsible for the Gothic, Risen and – most recently – ELEX series are now operating as Pirhana Bytes GmbH and will operate out of Austria, with THQ Nordic acting as publisher for their subsequent games. There’ll be no changes in staff though, so happily it seems everyone will keep their current jobs.

Project Director and Game Designer Björn Pankratz offered a comment on the deal: ‘We have been working on some great and exciting things over the past couple of years and we are extremely stoked about what the future brings with the right partner and the right network of companies.’

You can see what we made of the studio’s most recent title ELEX right over here.